Amerigroup Stock Gaps Up On Today's Open (AGP)

NEW YORK ( TheStreet) -- Shares of Amerigroup Corporation (NYSE: AGP) were gapping up Monday morning with an open price 38% higher than Friday's closing price. The stock closed at $64.34 Friday and opened today's trading at $88.82.

The average volume for Amerigroup has been 1.1 million shares per day over the past 30 days. Amerigroup has a market cap of $3.13 billion and is part of the health care sector and health services industry. Shares are up 8.9% year to date as of the close of trading on Friday.

AMERIGROUP Corporation operates as a multi-state managed healthcare company. The company has a P/E ratio of 20.9, above the average health services industry P/E ratio of 20.7 and above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Amerigroup as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself. You can view the full Amerigroup Ratings Report.

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