WellCare Health Plans (WCG) has risen sharply, recording gains of 3.03% in the past 4 weeks. However, the stock has corrected -0.28% in the past 1 week, providing a good buying opportunity on dips. WellCare Health Plans (WCG) : During the past 4 weeks, traders have been relatively bearish on WellCare Health Plans (WCG), hence the stock is down -3.49% when compared to the S&P 500 during the same period. However, in the past 1 week, the selling of the stock is down by -0.89% relative to the S&P 500.
WellCare Health Plans (NYSE:WCG): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $108.18 and $107.43 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $109.19. The buying momentum continued till the end and the stock did not give up its gains. It closed at $108.54, notching a gain of 0.95% for the day. The total traded volume was 756,645 . The stock had closed at $107.52 on the previous day.
The stock has recorded a 20-day Moving Average of 1.74% and the 50-Day Moving Average is 4.98%. WellCare Health Plans, Inc. is up 14.04% in the last 3-month period. Year-to-Date the stock performance stands at 38.78%.
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.