According to the ETF Finder at ETF Channel, CNC makes up 2.42% of the SPDR S&PHealth Care Services ETF (XHS) which is up by about 0.7% on the day Friday.
In afternoon trading Friday, CNC was up about 0.3% on the day.
It's a wonder to me how split this market really is.
Molina Healthcare on Tuesday announced the departure of Dr. J. Mario Molina as CEO and John C. Molina as CFO.
Momentum at the beginning of the year was due to the decision to exit ACA exchanges and ability to monetize the expertise of United's Optum health services unit.