Cigna shares drop 3.1% due to new US tariffs on Japan and South Korea

Shares of Cigna dropped 3.1% as global markets reacted to new US tariffs on Japan and South Korea, effective August 1st. The broader July 9th deadline for reciprocal tariffs added to uncertainty. Cigna’s stock has only had 5 moves greater than 5% in the last year, indicating the market views this news as significant. Despite being up 13.8% this year, Cigna still trades 14.9% below its 52-week high. Investors who bought $1,000 of Cigna stock 5 years ago would now have $1,715. The market may be overreacting, creating a potential buying opportunity for Cigna.

Read more at Stock Story: Why Cigna (CI) Shares Are Sliding Today