WellPoint Reaches New 52-Week High (WLP)

NEW YORK ( TheStreet) -- WellPoint (NYSE: WLP) hit a new 52-week high Monday as it is currently trading at $82.35, above its previous 52-week high of $82.33 with 156,269 shares traded as of 10:06 a.m. ET. Average volume has been 1.9 million shares over the past 30 days.

WellPoint has a market cap of $24.36 billion and is part of the health care sector and health services industry. Shares are up 34.5% year to date as of the close of trading on Friday.

WellPoint, Inc., a health benefits company, through its subsidiaries, offers network-based managed care plans to large and small employer, individual, Medicaid, and senior markets in the United States. The company operates through three segments: Commercial, Consumer, and Other.

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TheStreet Ratings rates WellPoint as a buy. 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, solid stock price performance, increase in net income and attractive valuation levels. We feel these strengths outweigh the fact that the company shows low profit margins. You can view the full WellPoint Ratings Report.

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