Price/Volume Alert: Humana (HUM)

Posted in pre-market 
August 3rd, 2009

Humana Inc. (NYSE: HUM) is seeing some strong trading indications in early trade indications.  The health insurer reported that its second-quarter profit rose by 34% to $1.67 EPS on higher premiums from Medicare and commercial insurance programs.  Thomson Reuters had estimates at $1.64 EPS. While membership was down 10% in its plans, the company said that it sees 2009 at $6.10 to $6.20 EPS vs. $6.12 estimates.  We show shares up over 4% at $34.20 as of 8:11 AM EST.  Volume is only 9,000 so far but that will grow further as NYSE listed stocks take a bit to catch up as we get closer to the open.  Average volume is roughly 2.8 million shares per day.  This may also mark the highest prices since February before the market meltdown. -JON OGG

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