Here's Why Anthem, Humana, and UnitedHealth Soared in April

In April, the overall stock market bounced back from the coronavirus-fueled crash that hammered shares in March, and shares of some of the largest insurers in America soared even further. Last month, Anthem (NYSE: ANTM), Humana (NYSE: HUM), and UnitedHealth Group (NYSE: UNH) soared 23.6%, 21.6%, and 17.3%, respectively, according to data from S&P Global Market Intelligence. 

In March, panic selling yanked the rug out from under these health insurance stocks along with the rest of the market. Unlike many businesses, though, stay-at-home orders that began in March didn't make a visible impact on recently reported first-quarter results.

Image source: Getty Images.

Continue reading

Source Fool.com