A Shot In The Arm For HumanaBy
A not-so-funny thing happened to Humana (HUM) over the past two years. As the Dow Jones industrial average advanced more than 3,000 points, Humana shares went nowhere in 1995 and slumped from 27 to 17 in 1996. Humana continued to meander this year--until Mar. 3 and 4, when the stock zoomed to more than 21 on volume of 2 million shares each day, compared with an average volume of 600,000 shares. The reason: takeover.
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