DGX Crosses Above Key Moving Average Level Wednesday, May 8, 4:13 PM ET, by Market News Video Staff In trading on Wednesday, shares of Quest Diagnostics, Inc. (DGX) crossed above their 200 day ...
This morning, Citigroup downgraded shares of WellPoint (NYSE:WLP) from buy to hold citing valuation. Citigroup feels the stock has run up enough over the past three months and is again fairly valued. The downgrade to WellPoint is having an effect on the iShares Dow Jones US Health Care ETF (AMEX:IHF) today, as the ETF is off about 1% at the moment.
WellPoint is the fourth largest holding in the iShares Dow Jones US Health Care ETF, with only UnitedHealth (NYSE:UNH), Express Scripts (NASDAQ:ESRX) and Medco Health Solutions (MHS) with larger positions. For a full list of holdings, see the IHF Holdings page.
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