Alignment Healthcare shares fall 24% in pre-market after CMS downgrades its largest California contract to 3.5 stars

Alignment Healthcare shares fell 24.2% to $6.60 in pre-market trading after the CMS 2027 Medicare Advantage Part D release downgraded the company's largest California contract to 3.5 stars, making it ineligible for bonus payments.

Detected & updated continuously · Source: Nebula