- 4-Week # shares sold: 42,173
- 12-Week # shares sold: 104,364
- 24-Week # shares sold: 125,163
The Justice Department is looking into claims that four health insurers defrauded Medicare.
Health Net (HNT) stock is rising in mid-morning trading on Wednesday after the California Department of Insurance approved Centene's (CNC) acquisition of the company.
The $7.6 billion merger of Health Net and Centene is undergoing a review by the California Department of Insurance, although it has passed other antitrust inspections.
Trade-Ideas LLC identified Health Net (HNT) as a "dead cat bounce" (down big yesterday but up big today) candidate