) pushed the Health Care sector lower today making it today's featured Health Care laggard. The sector as a whole closed the day down 1.1%. By the end of trading, WellPoint fell $1.93 (-3.5%) to $53.29 on heavy volume. Throughout the day, 5.6 million shares of WellPoint exchanged hands as compared to its average daily volume of 3.7 million shares. The stock ranged in price between $53.10-$54.96 after having opened the day at $53.78 as compared to the previous trading day's close of $55.22. Other company's within the Health Care sector that declined today were:
), down 23%,
), down 13.2%,
), down 12.7%, and
), down 12.2%.
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WellPoint, Inc., through its subsidiaries, operates as a health benefits company in the United States. The company offers various network-based managed care plans to large and small employer, individual, Medicaid, and senior markets. WellPoint has a market cap of $17.92 billion and is part of the
industry. The company has a P/E ratio of 7.5, equal to the average health services industry P/E ratio and below the S&P 500 P/E ratio of 17.7. Shares are down 16.6% year to date as of the close of trading on Monday. Currently there are nine analysts that rate WellPoint a buy, no analysts rate it a sell, and nine rate it a hold.
TheStreet Ratings rates WellPoint as a
. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, attractive valuation levels and growth in earnings per share. We feel these strengths outweigh the fact that the company has had sub par growth in net income.
- You can view the full WellPoint Ratings Report.
- Use our health care section to find sector-relevant news.
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For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the health care sector could consider
) while those bearish on the health care sector could consider
- Find other investment ideas from our top rated ETFs lists.