WellPoint Inc (WLP): Today's Featured Health Care Loser
(
) pushed the Health Care sector lower today making it today's featured Health Care loser. The sector as a whole closed the day down 2.5%. By the end of trading, WellPoint Inc fell $2.62 (-3.9%) to $64.23 on average volume. Throughout the day, three million shares of WellPoint Inc exchanged hands as compared to its average daily volume of 3.1 million shares. The stock ranged in price between $64.21-$66.27 after having opened the day at $66.27 as compared to the previous trading day's close of $66.85. Other company's within the Health Care sector that declined today were:
(
), down 43.3%,
Rosetta Genomics
(
ROSGD
), down 43.3%,
Accelr8 Technology Corporation
(
), down 16.4%, and
Bacterin International Holdings Inc
(
), down 14.7%.
WellPoint, Inc., through its subsidiaries, operates as a health benefits company in the United States. It offers various network-based managed care plans to large and small employer, individual, Medicaid, and senior markets. WellPoint Inc has a market cap of $23.31 billion and is part of the
industry. The company has a P/E ratio of 8.7, equal to the average health services industry P/E ratio and below the S&P 500 P/E ratio of 17.7. Shares are up 17.6% year to date as of the close of trading on Tuesday.
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, solid stock price performance and good cash flow from operations. 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.
On the positive front,
(
), up 11%,
(
), up 9.6%,
(
), up 9.4%, and
(
), up 9.2%, were all gainers within the health care sector with
(
) being today's featured health care sector winner.
- Use our health care section to find sector-relevant news.
- Or find some new ideas from our top rated stocks lists.
For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the health care sector could consider
Health Care Select Sector SPDR
(
) while those bearish on the health care sector could consider
ProShares Ultra Short Health Care
(
).
- Find other investment ideas from our top rated ETFs lists.
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