Shares of WLP traded higher by 1.37% or $1.1/share to $81.10. WellPoint Health Networks Inc. is trading at a price to book ratio of 1.23. This indicates that the shares are relatively cheap compared to book value which means the market is pricing in going concern value. The PEG is 1.21. The price to sales ratio came in at 0.5. Hence, the firm is extremely cheap relative to its top line sales figures. On average, 3016620 shares of WLP exchange hands on a given day and today's volume is recorded at 628165. These factors combined make this company a prime takeover candidate. Lookout for any takeover chatter or takeover news regarding this stock as one of the bigger players may have an eye on this one.
WellPoint, Inc. (WellPoint) is a health benefits company in terms of medical membership in the United States.
