Healthcare stocks that benefitted from Obamacare spike after 'Trumpcare' vote gets pulled (HCA, UHS, THC, CNP)

pulse

March 24, 2017 9:27 PM

All these stocks sold off sharply after President Donald Trump was elected in November.

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Shares of some healthcare providers that have benefitted from the Affordable Care Act jumped on Friday after the GOP pulled a vote in Congress on its replacement.

The move was made after a one-day postponement as it became clear that there would not be enough votes to pass the bill that would repeal and replace Obamacare.

HCA Holdings finished the trading session up 3%, gaining sharply right after news reports of the canceled vote crossed around 3:30 p:

Tenet Healthcare, which runs over 450 outpatient facilities, also jumped:

So did Centene:

Universal Health Services, which manages hospitals and clinics, also rallied:

All these stocks sold off sharply after President Donald Trump was elected in November.

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