We're selling 15 shares of Humana at roughly $497 each. Following Friday's trade, Jim Cramer's Charitable Trust will own 85 shares of HUM, decreasing its weighting in the portfolio 1.53% to from 1.8%.
More importantly, management said its Medicare Advantage utilization trends had stabilized, assuaging investors' worst fears over the state of the industry. We thought Humana's update would improve the sentiment around the managed care industry and help shares return to their pre-UnitedHealth comments level of around $512. It's taken some patience, but Humana shares finally broke through $500 in Friday afternoon trading.
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