The U.S. Justice Department announced late Thursday that it is suing Chemed Corp. (CHE) and its hospice subsidiaries. The government is accusing the company of being involved in the submission of false claims for crisis care services that proved to be unnecessary, were never actually provided or failed to meet Medicare requirements.
Chemed gapped open dramatically lower Friday, but was range-bound for the majority of the session. The stock finished with a loss of 13.79 at $68.00 on the highest volume of the year. Chemed sank to a 4-month low and fell below both its 50 and 200-day moving averages.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.