These Three Stocks are Bouncing Higher Today

Despite the broader markets trading lower today, at least three companies’ stocks are jumping higher by at least 5%.  Following is some information on what is driving these outliers higher.

  • Humana, Inc. (NYSE:HUM):  The shares recently traded at $86.28, up $5.93, or 7.38%, on the day.  The shares have traded in a 52-week range of $54.24 to $87.32 and its market capitalization is $14.39 billion.  The shares are trading higher on strong Q3 results.  The company raised its guidance for the full year by 11%, indicating that lower medical costs are growing its bottom line. About the company:  Humana, Inc. is a managed health care company with medical members located in the United States and Puerto Rico.  The Company offers coordinated health care through health maintenance organizations, preferred provider organizations, point-of-service plans, and administrative services products.  Humana offers its products to employer groups, government-sponsored plans, and individuals. Competitors include CIGNA Corporation (NYSE:CI), WellPoint, Inc. (NYSE:WLP), UnitedHealth Group, Inc. (NYSE:UNH), and Aetna, Inc. (NYSE:AET).
  • Exelis, Inc. (XLS): The shares recently traded at $11.54, up $0.62, or 5.68%, on the day.  The shares have traded in a 52-week range of $10.10 to $13.50 and its market capitalization is $2.02 billion.  About the company: Exelis is a spin-off of ITT Corporation (NYSE:ITT).  The company operates in the networked communications, sensing, and surveillance, reconnaissance, electronic warfare, air-traffic solutions, and information systems spaces.  The spin-off was effected on October 24th, 2011.
  • Bankrate, Inc. (RATE): The shares recently traded at $19.90, up $1.70, or 9.34%, on the day.  The shares have traded in a 52-week range of $13.38 to $19.95 and its market capitalization is $1.99 billion.  Goldman Sachs (NYSE:GS) recently upgraded its rating on the shares and raised its price target to $18.  About the company: Bankrate, Inc. is a publisher, aggregator and distributor of personal finance content on the Internet.  The Company provides consumers with personal finance editorial content across multiple vertical categories, including mortgages, deposits, insurance, credit cards, and other categories.  The company’s content competes with similar content offered by companies including News Corp. (NASDAQ:NWSA), TheStreet, Inc. (NASDAQ:TST), InsWeb Corporation (NASDAQ:INSW), and Gannett Co., Inc. (NYSE:GCI).

(Note: Selected financial data are sourced from Google Finance.  All data are assumed to be accurate.)

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