Humana Stock Slumps as Cigna Says It's Not Pursuing Combination

Group 1 - Humana shares fell 5% in premarket trading after Cigna announced it is not pursuing a merger with Humana [2][3] - Cigna's stock rose 7% in premarket trading following the announcement [2] - Cigna had previously called off plans to acquire Humana due to disagreements on financial terms [2][4] Group 2 - Cigna stated it remains committed to its M&A criteria, focusing on acquisitions that are strategically aligned and financially attractive [3] - Cigna has repurchased $6 billion of its stock this year, with $1 billion in the fourth quarter, and plans to continue buybacks into next year [4] - Humana's stock has lost 37% of its value this year, while Cigna's stock has increased by approximately 7% [4]