On this episode of Stock Movers:
-Humana (HUM) shares surge. The company improved its performance on crucial Medicare Advantage quality ratings that will boost future revenue. The company’s largest Medicare Advantage contract with more than 2 million members improved its rating above the threshold to earn bonus payments, according to data released from the Centers for Medicare and Medicaid Services.
-Lumentum (LITE) shares are up. Lumentum Holdings Inc.’s optical components are “completely sold out” through early 2029 on demand from tech companies clamoring for faster AI data centers, according to its chief executive officer.
-T-Mobile (TMUS) shares drop. This comes with news that Space Exploration Technologies, or SpaceX, plans to buy significant wireless spectrum, bolstering its Starlink service.
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