What more could be going on? Deals like the BCBS deal happen all the time and go back years - that is nothing more than a content license deal. The fact remains that the companies fortunes are strictly tied to the hip of pharma advertising. And appetite for media companies seems to be slowing. If you want to make money in health put your money in a payor or CVS. Look at the 6 month charts on HUM, AET and CVS.
Stock will drift lower as all the people who wanted out are out, but there is no real support to drive it higher. The move to $40 will be fast if the overall market deteriorates. Will be by end of spring if the market goes sideways or a bit higher.
Hey - been a long time since I have been back here. Seems not much progress has been made. More importantly, it seems the idiocy keeps on coming. There is zero reason Walgreens would buy WebMD. WBMD makes money selling ads - why would Wag want to be in the media biz? Plus the value of the relationship is credibility - and they lose that if they own the source of the content. That is why Pharma pays WebMD - because nobody will listen to them on their own.