Boston, MA 01/07/2013 (wallstreetpr) – Shares of the WellPoint, Inc. (NYSE:WLP) had surged by 0.17 percent to close at $81.84 on Friday. The shares of the company had been witnessing intraday price movements in the range of $81.10 to $82.33 per shares during the day, which had pushed the company to reach new heights. The WellPoint, Inc. (NYSE:WLP) had a market capitalization of $24.58 billion. The stock opened at $81.55 per share. The shares of WellPoint, Inc. (NYSE:WLP) had readjusted the 52 week high to new value of $82.33 per share and the 52 week low value is at $52.51 per share.
WellPoint, Inc. (NYSE:WLP) operates primarily in the United States and is involved in providing medical membership to individuals and businesses. As on December 2011, the medical membership of the company was at 34.3 million and had operates its business include commercial segment, Consumer segment and Other segment. WellPoint, Inc. (NYSE:WLP) basically operates as an association providing health benefits plans to the members with the Blue Cross and Shield Association as other partners in the business. The individual members of the company are provided with a spectrum of network-based care plans which include health maintenance organizations, point-of-service plans, traditional indemnity plans, preferred provider organizations and other hybrid plans. 1-800 CONTACTS, Inc was acquired by the company on June 2012 and AMERIGROUP Corp was acquired by the company on December 2012.
WellPoint, Inc. (NYSE:WLP) had recently made affiliations in California, Colorado, Georgia and New York for providing the health insurance plans of the company. The company presently holds 300.36 million shares outstanding in the market and the institutional investors own around 88 percent of the total capital. The WellPoint, Inc. (NYSE:WLP) had witnessed the trade of 2.25 million shares on Friday and an average volume of 1.85 million shares per day.