Why Shares of MultiPlan Corporation Dropped 11.1% on Tuesday
Shares of MultiPlan Corporation (NYSE: MPLN), a healthcare data analytics and cost management solutions provider, fell 11.1% on Tuesday. MultiPlan has a 52-week high of $8.26 and a 52-week low of $3.25. An underwhelming neutral rating and a price target of $6.50 by Goldman Sachs wouldn't seem like a big blow, but it was enough to drop MultiPlan's shares, at least for the day.