EHealth CEO buys stock amid short pressure: ‘I couldn’t resist it’

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EHealth CEO Scott Flanders, who recently bought tens of thousands of shares in the health insurance marketplace, told CNBC’s Jim Cramer on Tuesday that he is confident about the company’s future, despite the investment community’s concern about churn.

Flanders, who has been at the helm of the digital outfit for more than four years, earlier this month added 50,000 shares to his portfolio at a strike price of $71.54 per share, boosting his stake in the private health insurance exchange by almost 8% to more than 703,000 shares.

“It was a great value. I couldn’t resist it,” he said in

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Stock futures flat after S&P 500 notches new record

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U.S. stock futures were flat in overnight trading on Tuesday, after the S&P 500 hit its highest level ever, wiping out all the losses from the coronavirus sell-off. 

Dow futures rose 18 points. The S&P 500 and Nasdaq 100 futures gained 0.04% and 0.05%, respectively. 

On Tuesday, the S&P 500 rose to its highest level ever, gaining back all of the index’s coronavirus-related losses. The 500-stock average rose 0.2% to a record close of 3,389.78. It also traded above its Feb. 19 intraday record of 3,393.52 earlier in the trading day. The S&P has rallied more than 54% from its

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Cree, Agilent Technologies, Target and more

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Chip Chipman | Bloomberg | Getty Images

Check out the companies making headlines after the bell:

Cree — Shares of the semiconductor company ticked nearly 3% lower in extended trading on Tuesday after giving a weak earnings outlook for the current quarter. Fiscal first quarter revenue outlook came in roughly in line with estimates. Cree, however, did report a loss of 18 cents per share, while analysts expected a loss of 19 cents per share. Revenue also topped estimates. 

Agilent Technologies — Shares of the healthcare equipment and services company dipped about 1.5% in after hours trading on Tuesday

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Has Lloyd’s located the solution for pandemic insurance cover?

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Insurtech start-up Thimble has been selected to take part in the Lloyd’s Lab accelerator programme, in which the company will develop an insurance solution to address the pandemic coverage gap of small businesses.

According to a release by Thimble, the COVID-19 pandemic has forced many small businesses to learn the hard way that their business interruption insurance does not cover losses related to the outbreak. Not only has this trend led to a severe blowback for the insurance industry, but it has also led to multiple lawsuits from business owners seeking payment, Thimble explained.

As part of the Lloyd’s Lab

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