WellCare Health Plans (WCG) : Mondays money flow data in WellCare Health Plans (WCG) suggests that the bulls made the most of the weakness in the stock. The inflow of money into the stock on upticks was $1.94 million, whereas, $0.71 million worth of transactions were done on downticks. The ratio between the two, uptick and downtick stood at 2.74, in favor of the bulls. The total money flow into the stock was $1.23 million clearly indicating that the smart money has been buying into the stock on weakness.
In comparison, the money flow in block deals was $1.09 million. The total value of block trades done on upticks was $1.09 million. WellCare Health Plans (WCG) fell $0.08 and traded at $108.77, down -0.07% for the day, over previous days close. On a weekly basis, the shares are 2.03% over the previous weeks close.
WellCare Health Plans, Inc. is up 19.05% in the last 3-month period. Year-to-Date the stock performance stands at 39.46%. Shares of WellCare Health Plans, Inc. rose by 2.94% in the last five trading days and 3.48% for the last 4 weeks. In a related news, Hickey Kevin F, director of Wellcare Health Plans, Inc., unloaded 1,000 shares at an average price of $105.56 on June 15, 2016. The total amount of the transaction was worth $105,560, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.
WellCare Health Plans (NYSE:WCG): stock turned positive on Monday. Though the stock opened at $109.39, the bulls momentum made the stock top out at $109.71 level for the day. The stock recorded a low of $107.62 and closed the trading day at $109.07, in the green by 0.20%. The total traded volume for the day was 294,386. The stock had closed at $108.85 in the previous days trading.
WellCare Health Plans, Inc. (WellCare) is a managed care company for government-sponsored health care coverage with a focus on Medicaid and Medicare programs. The Company offers a range of managed care health plans for families, children, and the aged, blind and disabled, as well as prescription drug plans. The Company operates in three segments: Medicaid Health Plans, Medicare Health Plans and Medicare Prescription Drug Plans (PDPs). It operates Medicaid health plans in Florida, Georgia, Hawaii, Illinois, Kentucky, Missouri, New Jersey, New York and South Carolina. In addition, it offers Medicare Advantage (MA) coordinated care plans (CCPs) in certain counties in Arizona, Arkansas, California, Connecticut, Florida, Georgia, Hawaii, Illinois, Kentucky, Louisiana, Mississippi, Missouri, New Jersey, New York, Ohio, South Carolina, Tennessee and Texas. It also offers stand-alone Medicare PDPs in 49 states and the District of Columbia.