WellCare Health Plans Stock Gaps Up On Today's Open (WCG)

NEW YORK ( TheStreet) -- Shares of WellCare Health Plans (NYSE: WCG) were gapping up Monday morning with an open price 11.8% higher than Friday's closing price. The stock closed at $52.83 Friday and opened today's trading at $59.06.

The average volume for WellCare Health Plans has been 950,700 shares per day over the past 30 days. WellCare Health Plans has a market cap of $2.29 billion and is part of the health care sector and health services industry. Shares are up 0.6% year to date as of the close of trading on Friday.

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 7.9, 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.

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