Cigna Corp. stock trades under the ticker CI & has shown recent bullishness that traders & investors should research further into.
CI stock closed at $256.54/share on 4/4/2023.
Cigna Corp. CI Stock’s Technical Performance Over The Past Year
CI Stock Price: $256.54
10 Day Moving Average: $258.77
50 Day Moving Average: $284.34
200 Day Moving Average: $292.35
RSI: 35.93
MACD: -8.446
Yesterday, CI stock completed a bullish MACD crossover, losing -2.08% on the day’s session.
Their RSI is approaching oversold at 35.9 & recent trading volumes have been about average compared to the year prior, as they have steadily declined throughout Q1 2023.
CI stock has support at the $253.41, $250.61 & $249.13/share price level, as they look to break out above their $257.99, $258.77 (10 day moving average) & $264.22/share price levels.
Cigna Corp. CI Stock As A Long-Term Investment
Long-term oriented investors will like CI stock’s valuation metrics, with a 12.05 P/E (ttm) & a 1.7 P/B (mrq).
They recently reported 0% Quarterly Revenue Growth Y-o-Y, with 4.7% Quarterly Earnings Growth Y-o-Y.
Their balance sheet will require a more thorough review, with $6.76B of Total Cash (mrq) & $31.55B of Total Debt (mrq).
CI stock pays a 1.71% dividend, which appears to be sustainable in the long-run, as their payout ratio is 21.03%.
90.79% of CI stock’s outstanding share float is owned by institutional investors.
Cigna Corp. CI Stock As A Short-Term Trade Using Options
Short-term traders can use options to hedge their portfolios against volatility, while profiting from CI price movements.
I am looking at the contracts with the 5/19 expiration date.
The $250, $240 & $210 call options are all in-the-money, listed from highest to lowest level of open interest.
The $260, $270 & $280 puts are also all in-the-money, with the former being more liquid than the latter strikes.
Tying It All Together
CI stock has many interesting characteristics that traders & investors are sure to find appealing.
Investors will like their valuation metrics & dividend yield, but may want to review their balance sheet more thoroughly.
Traders will like their recent technical performance.
All-in-all, it is worth taking a closer look into CI stock to see how it fits into your portfolio strategy.
*** I DO NOT OWN SHARES OR OPTIONS CONTRACT POSITIONS IN CI STOCK AT THE TIME OF PUBLISHING THIS ARTICLE ***