Large Inflow of Money Detected in WellCare Health Plans

WellCare Health Plans (WCG): $0.43 million was the positive money flow into the stock on Monday and the up/down ratio of ticks was also in favor of the bulls at 6.32. The value of trades done on upticks was $0.51 million, whereas, trades done on downticks were valued at $0.08 million. Money flows are calculated as the dollar value of composite uptick trades minus the dollar value of downtick trades. large traders, also sometimes called as the smart money, block traded $0 million worth stocks on upticks, which is a bullish indication. The money flow in block trades was $0 million. WellCare Health Plans (WCG) fell $0.11 traded at $115.81, a change of -0.09% over the previous day. The stock is 2.18% for the week.


Shares of WellCare Health Plans, Inc. rose by 2.42% in the last five trading days and 6.45% for the last 4 weeks. WellCare Health Plans, Inc. is up 22.26% in the last 3-month period. Year-to-Date the stock performance stands at 48.15%.

WellCare Health Plans (NYSE:WCG): The stock opened at $115.96 on Monday but the bulls could not build on the opening and the stock topped out at $116.70 for the day. The stock traded down to $115.45 during the day, due to lack of any buying support eventually closed down at $115.87 with a loss of -0.03% for the day. The stock had closed at $115.91 on the previous day. The total traded volume was 261,718 shares.

In a related news, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the director of Wellcare Health Plans, Inc., Hickey Kevin F had sold 1,000 shares worth of $105,560 in a transaction dated June 15, 2016. In this transaction, 1,000 shares were sold at $105.56 per share.

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.

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