Humana shares are in free-fall Wednesday because the road to recovery for the managed-care company has begun to look far longer and more uncertain.Shares of Humana tumbled late Tuesday, falling 12% by the close of trading.

Humana’s stock was headed for another sharp selloff on Tuesday, toward a more than four-year low, after the government cut its rating on one of the health insurer’s large Medicare Advantage plans because it missed some performance measures.

The S&P 500 was essentially flat on Wednesday, Oct. 2, 2024, ending less than 0.1% higher amid concerns about global tensions and a strike by port workers.