WellCare Health Plans Rises On Unusually High Volume (WCG)

NEW YORK ( TheStreet) -- WellCare Health Plans (NYSE: WCG) is trading at unusually high volume Thursday with 3.6 million shares changing hands. It is currently at four times its average daily volume and trading up $3.92 (+7.9%) at $53.53 as of 2:25 p.m. ET.

WellCare Health Plans has a market cap of $2.15 billion and is part of the health care sector and health services industry. Shares are down 5.5% year to date as of the close of trading on Wednesday.

WellCare Health Plans, Inc. provides managed care services for government-sponsored health care programs in the United States. The company has a P/E ratio of 7.4, equal to the average health services industry P/E ratio and below the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates WellCare Health Plans as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures, notable return on equity, reasonable valuation levels and good cash flow from operations. We feel these strengths outweigh the fact that the company shows low profit margins. You can view the full WellCare Health Plans Ratings Report.

See all heavy volume stocks in our stocks moving on unusual volume list or get investment ideas from our investment research center.

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