Alignment Healthcare shares drop 20% after CMS star-rating cut triggers downgrades and investigation

ALHC opened at $6.95, down from the prior close of $8.71, after CMS lowered its largest Medicare Advantage contract to 3.5 stars. Two Wall Street firms downgraded the stock. A securities investigation is examining pre-disclosure statements. 77 clean stories shaped this window, with sentiment strongly bearish at 30/100. Also in focus: Telecom stocks suffer worst drops in decades as SpaceX spectrum threat intensifies.