WellCare Health Plans is a holding company. Through its subsidiaries, Co. is a managed care company and focuses primarily on providing government-sponsored managed care services to families, children, seniors and individuals with complex medical needs primarily through Medicaid, Medicare Advantage and Medicare Prescription Drug Plans, as well as individuals in the Health Insurance Marketplace. Medicaid provides medical assistance to elderly, disabled, children and their families. The Medicare program provides health care coverage primarily to individuals age 65 or older as well as to individuals with certain disabilities and consists of four parts, labeled A through D. We show 40 historical shares outstanding datapoints in our WCG shares outstanding history coverage, used to compute WCG market cap on those dates.
Understanding the changing numbers of shares outstanding, the changing
share price, and the resulting changing WCG market cap history over the course of time is important for investors
interested in comparing WCG's market cap history versus its peers.
Many "beginner" or "novice" investors will look at one stock trading at a price of $10 per share and another trading at
a price of $20 per share and think the latter company is worth twice as much. Of course, that is a completely meaningless comparison without also knowing how many shares outstanding there are for each of the two companies,
and then calculating their respective market caps. Comparing the share price of WCG versus a peer is one thing; comparing
WCG market cap versus a peer is a completely different story.
Furthermore, via fluctuation both in per-share price and in the number of shares outstanding (via issuance of new shares over time, the repurchase of existing shares),
the market cap for a company like WCG can fluctuate over the course of history.
With this page we aim to empower investors researching WCG by allowing them to research the WCG market cap history. |
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Video: The Importance of Market Cap
