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Catamaran Corp. (CTRX) Jumped On CIGNA Agreement

Catamaran Corp. (CTRX) announced after the bell Monday that it entered into a ten-year strategic PBM partnering agreement with CIGNA Corp. (CI).

Catamaran gapped open sharply higher Tuesday, but was range-bound throughout the session. The stock closed up by 5.33 at $53.99, with volume at an 11-month high. Catamaran climbed to a 5-week high and re-crossed its 50 and 200-day moving averages.

by RTT Staff Writer

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