Wellcare Health Plans, Inc. (WCG): Lawrence Anderson , SVP, Chief HR Officer of Wellcare Health Plans, Inc. sold 1,000 shares on May 13, 2016. The Insider selling transaction was reported by the company on May 17, 2016 to the Securities and Exchange Commission. The shares were sold at $93.02 per share for a total value of $93,045.36 , the company said in a SEC Form 4 Filing.
Other Insider transactions have been reported by the company according to SEC Form 4, on May 5, 2016, Daniel Robert Graham (director) sold 2,100 shares at $94.45 per share price.On Mar 7, 2016, Kevin F Hickey (director) sold 4,023 shares at $93.00 per share price.Also, On Nov 25, 2015, Andrew Lynn Asher (CFO) purchased 4,000 shares at $80.70 per share price.On Sep 14, 2015, Blair Williams Todt (Chief Legal and Admin. Officer) sold 1,000 shares at $96.00 per share price.
WellCare Health Plans: On Monday, May 16, 2016 heightened volatility was witnessed in WellCare Health Plans which led to swings in the share price. The shares opened for trading at $93.26 and hit $95.51 on the upside , eventually ending the session at $94.77, with a gain of 1.75% or 1.63 points. The heightened volatility saw the trading volume jump to 4,29,289 shares. The 52-week high of the share price is $98.79 and the company has a market cap of $4,194 M . The 52-week low of the share price is at $69.16.
Company has been under the radar of several Street Analysts.WellCare Health Plans is Upgraded by JP Morgan to Overweight and the brokerage firm has raised the Price Target to $ 114 from a previous price target of $80 .Earlier the firm had a rating of Neutral on the company shares. The Rating was issued on Feb 22, 2016.WellCare Health Plans is Upgraded by BofA/Merrill to Neutral. Earlier the firm had a rating of Underperform on the company shares. The Rating was issued on Feb 22, 2016.
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.