Thursday, February 14, 2008

Abnormal Move: Wellcare

Wellcare (WCG) up 3.70 to $52.29

This has been a wild ride, but this stock is ticking higher on no news this morning. In the past two months, the stock has ticked up (like this) ahead of a contract renewal announcement...each time, filed on Friday after the close.

On Friday, January 11, after the close...the company reported a Medicare contract renewal in 5 states. The following Monday, the stock gapped up 5 and closed 10 points higher on the day. Could we get a repeat??

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