Retailers: Provide More E-Commerce Payment Options to Help Reduce Shopping Cart Abandonment
Welcome Guest | Sign In
TechNewsWorld.com

E-Commerce Stock Watch: Big Day For HealthAxis.com

By Andy Wang E-Commerce Times ECT News Network
May 14, 1999 12:00 AM PT

Shares of insurance compay Provident American Corporation (Nasdaq: PAMC) climbed 2-3/8 to 38-5/8 on Thursday after its subsidiary HealthAxis.com made two big announcements.

HealthAxis.com, which sells health insurance online, first announced that it had completed a private placment to raise $6.2 million in capital, with investments by global asset management firm Tudor Investment Corp. and national health benefits company First Health (Nasdaq: FHCC).

Then HealthAxis.com and First Health announced a strategic alliance to make First Health the primary independent managed care network partner for HealthAxis.com's portfolio of health insurance carriers. Shares of First Health climbed to 17-3/8.


Facebook Twitter LinkedIn Google+ RSS
Is fake news a major problem?
Yes -- people don't know which news to trust.
No -- it's very easy to spot.
Yes -- it's propaganda warfare, and the U.S. is losing.
No -- people have always believed what suited them.
Yes -- but only temporarily, as people are catching on.
No -- much of it actually isn't fake.