The Supreme Court’s stunning rejuvenation of the Obamacare mandate into a new tax didn’t leak to Washington D.C. insiders — but it appears that it may have leaked to yet-unknown Wall Street investors.
In a brief 10-minute period starting at 9:32 a.m., the stock value of the nation’s largest hospital chain, HCA Holdings Inc., jumped from $26.81 per share to $27.53 as bidders bought several hundred thousand shares before the court made its announcement just after 10 a.m.
The bidders who snatched up shares before the announcement made a gain of roughly $2 a share once the price rose again after the court officially announced its backing for the law.
The bidding and the price jump came more than 30 minutes before Chief Justice John Roberts read his unexpected decision from the bench.
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