WellPoint Inc (WLP): Today's Featured Health Services Laggard

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

WellPoint ( WLP) pushed the Health Services industry lower today making it today's featured Health Services laggard. The industry as a whole closed the day up 0.7%. By the end of trading, WellPoint fell $1.90 (-2.2%) to $84.68 on average volume. Throughout the day, 3,127,558 shares of WellPoint exchanged hands as compared to its average daily volume of 2,350,100 shares. The stock ranged in price between $84.25-$85.95 after having opened the day at $85.51 as compared to the previous trading day's close of $86.58. Other companies within the Health Services industry that declined today were: Pro-Dex ( PDEX), down 12.2%, Cigna ( CI), down 9.3%, Retractable Technologies ( RVP), down 9.2% and Alphatec Holdings ( ATEC), down 6.1%.

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. WellPoint has a market cap of $25.3 billion and is part of the health care sector. Shares are down 6.3% year to date as of the close of trading on Thursday. Currently there are 6 analysts that rate WellPoint a buy, no analysts rate it a sell, and 10 rate it a hold.

TheStreet Ratings rates WellPoint 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, reasonable valuation levels and solid stock price performance. We feel these strengths outweigh the fact that the company has had sub par growth in net income.

On the positive front, Dynatronics Corporation ( DYNT), up 8.4%, ImmunoCellular Therapeutics ( IMUC), up 7.6%, BioTelemetry ( BEAT), up 6.4% and American Shared Hospital Services ( AMS), up 5.4% , were all gainers within the health services industry with Baxter International ( BAX) being today's featured health services industry leader.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the health services industry could consider Health Care Select Sector SPDR ( XLV) while those bearish on the health services industry could consider ProShares Ultra Short Health Care ( RXD).

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