Broadcom Rises, Humana Surges, RPM Falls Flat
On this episode of Stock Movers:
- Broadcom (AVGO) shares are up, after the chipmaker authorized a new buyback program of up to $10 billion shares. Analysts see the move as a sign of confidence following recent tariff-related weakness.
- Humana (HUM) shares surged after the US government said they will pay private Medicare Advantage plans more money next year than it originally proposed in January. It is a major win for insurance companies that have faced increasing scrutiny in Washington. The shares of insurers surged on the decision, posting some of their biggest intraday gains since 2020.
- RPM International (RPM) shares dropped after the manufacturer of building supplies forecast flat 4Q sales and posted disappointing 3Q sales. The management of RPM said the company is not immune to President Trump's tariffs.
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