Molina Healthcare Inc. (NYSE:MOH) missed Wall Street expectations in its second-quarter earnings report Wednesday, triggering a selloff across the healthcare insurance sector.
Shares of Alignment Healthcare, Inc. (NASDAQ:ALHC), The Cigna Group (NYSE:CI), Centene Corporation (NYSE:CNC), CVS Health Corp (NYSE:CVS), Elevance Health, Inc. (NYSE:ELV), Humana Inc. (NYSE:HUM), and Tenet Healthcare Corp (NYSE:THC) all traded lower Thursday as investors reacted to Molina's earnings miss and lowered 2025 guidance, citing rising medical costs and utilization trends.
