A Stock Rise in CI has History on Its Side


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By Dmitry Pargamanik

CI Shares Could Increase Ahead of Earnings

  • 9 out of the last 12 times, CI stock had a run up before earnings
  • Pre-Earnings Run Up Averaged 3.8% Gains
CI is scheduled to report earnings on 3-Feb-2023. The last time Cigna reported earnings on Nov 03, 2022, the stock increased by 1.1% to close at $323.13. At its current price of $310.84, CI post earnings drift is -3.9%. Typically, traders tended to bid up CI shares (heading into earnings) prior to its scheduled release.

CI Historical Pre-Earnings Run Up

As you can see from the table below, the data displays the percentage moves CI had for the last 12 quarters around earnings. The 1 week run up into earnings is notable as it shows that the stock increased 75% of the time for an average gain of 3.8%. That was actually a better bullish play than holding CI through earnings that saw a -0.9% decline.

CI historical stock price movement before earnings

Go to CI Historical Price Movements Around Earnings page



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