WebMD Health Stock Gaps Down On Today's Open (WBMD)
Shares of WebMD Health Corporation (Nasdaq:WBMD) were gapping down Thursday morning with an open price 16.5% lower than Wednesday's closing price. The stock closed at $33.75 yesterday and opened today's trading at $28.17.
NEW YORK ( TheStreet) -- Shares of WebMD Health Corporation (Nasdaq: WBMD) were gapping down Thursday morning with an open price 16.5% lower than Wednesday's closing price. The stock closed at $33.75 Wednesday and opened today's trading at $28.17. The average volume for WebMD Health has been 882,200 shares per day over the past 30 days. WebMD Health has a market cap of $2.2 billion and is part of the technology sector and computer software & services industry. Shares are down 33.9% year to date as of the close of trading on Wednesday. WebMD Health Corp. provides health information services to consumers, physicians and other healthcare professionals, employers, and health plans through its public and private online portals, mobile platforms, and health-focused publications in the United States. The company has a P/E ratio of 25.5, above the average computer software & services industry P/E ratio of 24.7 and above the S&P 500 P/E ratio of 17.7. TheStreet Ratings rates WebMD Health as a hold. The company's strengths can be seen in multiple areas, such as its increase in net income, robust revenue growth and reasonable valuation levels. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself and generally poor debt management. You can view the full WebMD Health Ratings Report. Get more investment ideas from our investment research center. Interested in other stocks that are gapping down? Get free SMS text alerts sent to you when the action happens by texting DOWN to 95370 or select from multiple alert options.