RTTNews | Jan 6, 2022 11:11AM EST

11:11 Thursday, January 6, 2022 (RTTNews.com) - Kentucky-based healthcare company, Humana Inc. (HUM), is trading 10% lower after the company slashed its forecast for enrollment for the next financial year.

The company, in a recent filing with the SEC, said that it expects membership enrollments to be in the range of 150,000 to 200,000 by the end of the year, slashed from its previous outlook of 325,000 to 375,000 members. This is primarily due to the higher than expected rate of termination during the annual election period.

Following the news, the stock is trading at $409.91, down $45.92 or 10.07% since the previous close at $455.83. In the morning, the stock opened at $412.81. The shares have ranged between $370.22 and $475.44 for the 52-week period.

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