Top Healthcare Stocks
Healthcare stocks were mixed today, with the NYSE Healthcare
Sector Index down about 0.4% while shares of healthcare companies
in the S&P 500 were ahead less than 0.1% as a group.
In company news, WellCare Health Plans' (
) shares were lower Friday, apparently dismissing speculation today
on a financial blog that the provider of managed-care services is
being eyed as a takeover target by U.S. health insurance
According to Betaville123 website, citing unnamed people with
knowledge of the matter, Wellpoint Inc (
) has been working with investment bankers on a possible
acquisition of WCG. The story said WCG could sell for as much as $4
WCG shares were down nearly 5% at $63.62 in recent trade,
falling as low as $63.01 during today's session. The stock has
52-week range of $50.41 and $75.31, climbing less than 2% over the
WLP was little changed in mid-day trading, sliding 0.3% to
$95.47 a share.
In other sector news,
(+) SPNC, (+2.8%) Receives Food and Drug Administration
clearance of two new mechanical lead extraction platforms expanding
physicians' options for the safe removal of cardiac leads.
(-) VAR, (-0.4%) Settles patent dispute with University of
Pittsburgh, agreeing to pay around $35 mln, which will be recorded
in the company's Q2 and Q3 financial results.
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