Shares of Cigna Group CI, -2.08% slipped 2.08% to $303.66 Wednesday, on what proved to be an all-around dismal trading session for the stock market, with the S&P 500 Index SPX, -0.80% falling 0.80% to 4,704.81 and Dow Jones Industrial Average DJIA, -0.76% falling 0.76% to 37,430.19.
The stock’s fall snapped a three-day winning streak.
Cigna Group closed $18.57 short of its 52-week high ($322.23), which the company achieved on January 4th.
The stock underperformed when compared to some of its competitors Wednesday, as UnitedHealth Group Inc. UNH, +0.50% rose 0.50% to $542.03, CVS Health Corp. CVS, +0.04% rose 0.04% to $80.88, and Elevance Health Inc. ELV, +0.35% rose 0.35% to $480.49.
Trading volume (2.5 M) eclipsed its 50-day average volume of 2.2 M.