Alignment Healthcare (ALHC) Moves 12.7% Higher: Will This Strength Last?

Group 1 - Alignment Healthcare (ALHC) shares increased by 12.7% to close at $11.27, with trading volume significantly higher than usual [1] - The stock's recent price surge is attributed to positive sentiment regarding the company's Medicare Advantage plan, which will introduce over 55 benefits for seniors [1] - The Medicare Advantage plan will be available to 8.1 million Medicare-eligible adults during the enrollment period from October 15 to December 7, 2024, with benefits starting January 1, 2025 [1] Group 2 - Alignment Healthcare is expected to report a quarterly loss of $0.14 per share, reflecting a year-over-year increase of 26.3%, with revenues projected at $661.54 million, up 44.9% from the previous year [1] - The consensus EPS estimate for Alignment Healthcare has remained unchanged over the last 30 days, indicating a potential lack of momentum in earnings revisions [2] - The stock currently holds a Zacks Rank of 3 (Hold), suggesting a neutral outlook [2] Group 3 - AMN Healthcare, a peer in the medical services industry, has a consensus EPS estimate of $0.63, which represents a 68% decline from the previous year [3] - AMN Healthcare also holds a Zacks Rank of 3 (Hold), indicating a similar neutral outlook as Alignment Healthcare [3]