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Anticipate your clients' tax questions on Social Security, annuities and a range of investment products
Popular Financial Topics
Go deeper on emerging topics, as well as key firms and thought leaders
A deep dive into how advisors can best serve the evolving needs of their wealthiest clients
Tax Facts
Anticipate your clients' tax questions on Social Security, annuities and a range of investment products
Popular Financial Topics
Go deeper on emerging topics, as well as key firms and thought leaders
A deep dive into how advisors can best serve the evolving needs of their wealthiest clients
Tax Facts
Anticipate your clients' tax questions on Social Security, annuities and a range of investment products
Popular Financial Topics
Go deeper on emerging topics, as well as key firms and thought leaders
A deep dive into how advisors can best serve the evolving needs of their wealthiest clients
Tax Facts
Anticipate your clients' tax questions on Social Security, annuities and a range of investment products
Popular Financial Topics
Go deeper on emerging topics, as well as key firms and thought leaders
A deep dive into how advisors can best serve the evolving needs of their wealthiest clients
Tax Facts
Anticipate your clients' tax questions on Social Security, annuities and a range of investment products
Popular Financial Topics
Go deeper on emerging topics, as well as key firms and thought leaders
A deep dive into how advisors can best serve the evolving needs of their wealthiest clients
Tax Facts
Anticipate your clients' tax questions on Social Security, annuities and a range of investment products
Popular Financial Topics
Go deeper on emerging topics, as well as key firms and thought leaders
A deep dive into how advisors can best serve the evolving needs of their wealthiest clients
Tax Facts
Anticipate your clients' tax questions on Social Security, annuities and a range of investment products
Popular Financial Topics
Go deeper on emerging topics, as well as key firms and thought leaders
December 17, 2014 at 03:30 AM
Connecture (Nasdaq:CNXR) has been selling private and public health insurance exchange distribution systems since 1999 — when Barack Obama was still a community organizer in Chicago — but it’s having trouble getting stock investors’ minds off of oil prices.
The company raised $53 million Friday by selling 6.6 million shares to the public at $8 each.
The shares have been selling for $8 to $9.30 since then and closed today at $8.86.
The company reported a net loss of $15 million on $57 million in revenue for the first three quarters of 2014, but about 70 health insurers use Connecture systems to sell coverage through more than 30 public and private exchanges. Roughly 20 million shoppers pay $130 billion in premiums per year for health coverage and other products they buy through Connecture systems.
The premium revenue that flows through Connecture systems amounts to 0.9 percent of 2014 U.S. Gross Domestic Product (GDP).
See also: Dan Maynard: It’s exchange testing time
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