Cigna shares gain a third straight session on Thursday, company’s CFO McCarthy to leave

According to a February 23rd statement by Cigna Corporation (CI), Thomas McCarthy, the companys Chief Financial Officer, is to retire during the summer. The announcement came a week after the deal involving Cignas acquisition by larger rival Anthem Inc for the sum of $54 billion was blocked by the US Department of Justice.

Cigna shares closed higher for a third consecutive trading session on Thursday. The stock inched up 0.01% ($0.02) to $147.51, with the intraday high and the intraday low being at $147.75 and $147.11 respectively. In the week ended on February 19th the shares of the health service provider lost 1.37% of their market value compared to a week ago, which marked a second consecutive period of decline. The stock has extended its advance to 0.88% so far during the current month, following a 9.62% surge in January. The latter has been the best monthly performance since November 2016. For the entire past year, the shares of the health services company went down 8.84%.

Thomas McCarthy is to be succeeded by Eric Palmer, who currently occupies the position of Chief Financial Officer at Cignas global health, employer-based health care, group and supplemental insurance businesses.

According to Cignas statement, three other executives – Michael Triplet, Alan Muney and Christopher Hocevar, are expected to join the companys enterprise leadership team.

Daily and Weekly Pivot Levels

With the help of the Camarilla calculation method, todays levels of importance for the Cigna stock are presented as follows:

R1 – $147.57
R2 – $147.63
R3 (Range Resistance – Sell) – $147.69
R4 (Long Breakout) – $147.86
R5 (Breakout Target 1) – $148.07
R6 (Breakout Target 2) – $148.15

S1 – $147.45
S2 – $147.39
S3 (Range Support – Buy) – $147.33
S4 (Short Breakout) – $147.16
S5 (Breakout Target 1) – $146.95
S6 (Breakout Target 2) – $146.87

By using the traditional method of calculation, the weekly levels of importance for Cigna Corporation (CI) are presented as follows:

Central Pivot Point – $144.52
R1 – $147.12
R2 – $150.67
R3 – $153.27
R4 – $155.86

S1 – $140.97
S2 – $138.37
S3 – $134.82
S4 – $131.26