India, Oct. 9 -- Alignment Healthcare, Inc. (ALHC) is down 17.34 percent, losing $1.51 to $7.20 on Friday. The decline comes despite the company reporting strong results in the Centers for Medicare & Medicaid Services' 2027 Medicare Advantage Star Ratings, with six of its seven eligible contracts earning 4 Stars or higher. However, its California H3815 HMO contract received a 3.5-Star Rating.
Alignment Healthcare is currently trading at $7.20, down from the previous close of $8.71 after opening at $6.95 on the Nasdaq. The stock has traded between $6.01 and $7.36 during the session, with trading volume at 11.43 million shares versus average volume of 7.55 million.
Three of Alignment's contracts achieved an overall 4.5-Star Rating, with hig...