Author: Ciara Linnane

L.A. wildfires have caused more than $135 billion of economic loss — and counting

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Ciara Linnane

Ciara Linnane is MarketWatch’s investing- and corporate-news editor. She is based in New York.

Humana’s stock extends losses as BofA downgrades to sell on concerns about margin recovery

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Humana Inc.’s stock closed down another 1.9% on Thursday to bring its week-to-date losses to 24.3%, after BofA Securities downgraded it to underperform — or sell — on concerns about a delay in margin recovery.

The move comes a day after the health insurer HUM said one its key Medicare Advantage plans looks set to have its government rating cut, which would reduce reimbursement rates. The stock sold off Wednesday on the news and led S&P 500 SPX decliners.

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