Humana's stock is down 23% in its worst weekly drop since 2020 and biggest two-day decline since 2009.
The drop comes as Medicare downgraded ratings on some of Humana's health insurance plans.
The health insurer's shares are down 23% since the start of the week, marking its biggest weekly drop since 2020 and its biggest two-day decline in 15 years.
Over those days, the stock declined 22%, the biggest two-day drop since the financial crisis in 2009.
They said Medicare Advantage plans could see further pressure if Democrats win in the upcoming elections, which would hinder Humana's recovery.
Persons:
—, It's, AJ Rice, Humana's downgrades
Organizations:
Service, Humana, UBS, Bank of America