WellCare Health Plans June 15th Short Interest Update

WellCare Health Plans (NYSE:WCG), A drop of 55,462 shares or 1.5% was seen in the short interest of Wellcare Health Plans. Even as the interest dropped from 3,819,974 shares on May 31,2016 to 3,764,512 shares on June 15,2016, the days to cover came in at 11. The updated interest stood at 8.5% of the stocks floats. The stock has seen an average daily volume of 341,090 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 24th after market close.

WellCare Health Plans (NYSE:WCG): The stock opened at $103.08 on Friday but the bulls could not build on the opening and the stock topped out at $106.19 for the day. The stock traded down to $103.08 during the day, due to lack of any buying support eventually closed down at $105.35 with a loss of -1.48% for the day. The stock had closed at $106.93 on the previous day. The total traded volume was 4,269,813 shares.

The company shares have rallied 24.23% from its 1 Year high price. On Jun 22, 2016, the shares registered one year high at $110.81 and the one year low was seen on Feb 8, 2016. The 50-Day Moving Average price is $100.88 and the 200 Day Moving Average price is recorded at $88.84.

WellCare Health Plans (NYSE:WCG) has climbed 0.12% in the past week and advanced 4.35% in the last 4 weeks. In the past week, the company has outperformed the S&P 500 by 1.79% and the outperformance has advanced to 7.51% for the last 4 weeks period.

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.

Leave a Reply

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.