Market Currents

• Tuesday, April 7, 2009

• 16:59 PM Managed healthcare providers gained 4.3% today after 2010 Medicare Advantage rates (.pdf) came in slightly better than feared - though they'll result in payment cuts of ~4%. HUM +6.1%. UNH +6.9%. WCG +3.5%. Comment!

• Thursday, November 13, 2008

• 09:15 AM Wellcare Group (WCG) is down 35% premarket. It filed to delay its 10-Q amid an internal probe after its HQ was searched in 2007. Comment!
• 09:11 AM Premarket losers: WCG -35%. GA -15%. AOB -7%. SINA -6%. PVX -5%. NVDA -5%. DELL -4%. INTC -4%. Comment!

• Tuesday, August 19, 2008

• 09:30 AM Top premarket gainers: WCG +16%. XFML +11%. FRE +3.4%. UAUA +2%. FNM +1%. Comment!
• 09:11 AM WellCare (WCG) will pay $35.2M in a Medicaid fraud investigation. The payment doesn't formally settle the case, but analysts say a feared 'catastrophic outcome' is now very unlikely. Shares are up 17% premarket. Comment!

• Monday, July 21, 2008

• 17:22 PM Wellcare Group (WCG) will restate its financial statements from 2004 to Q2 2007. Shares -2.2%. Comment!

• Thursday, July 3, 2008

• 10:39 AM Goldman downgrades Aetna (AET -5%) and Health Net (HNT -10.3%) to Sell from Neutral - expects more casualties from a soft underwriting cycle. Peers: HUM -4.5%. CI -4.65%. WLP -3.1%. WCG -2.9%. Comment!