Will WebMD Health Corp. Go Down Anytime Soon? Option Trader Doubt That

 Will WebMD Health Corp. Go Down Anytime Soon? Option Trader Doubt That

In today’s session WebMD Health Corp. (WBMD) registered an unusually high (268) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the November, 2016 call, expecting serious WBMD increase. With 268 contracts traded and 2904 open interest for the Nov, 16 contract, it seems this is a quite bullish bet. The option with symbol: WBMD161118C00050000 closed last at: $1 or 55.6% down. About 278,811 shares traded hands. WebMD Health Corp. (NASDAQ:WBMD) has declined 19.99% since April 4, 2016 and is downtrending. It has underperformed by 21.08% the S&P500.

WebMD Health Corp. (NASDAQ:WBMD) Ratings Coverage

Out of 10 analysts covering WebMD Health (NASDAQ:WBMD), 6 rate it a “Buy”, 0 “Sell”, while 4 “Hold”. This means 60% are positive. $72 is the highest target while $52 is the lowest. The $62 average target is 23.14% above today’s ($50.35) stock price. WebMD Health has been the topic of 19 analyst reports since August 3, 2015 according to StockzIntelligence Inc. The rating was maintained by Citigroup on Tuesday, August 9 with “Neutral”. The company was downgraded on Monday, January 11 by SunTrust. As per Thursday, October 6, the company rating was maintained by SunTrust. The stock of WebMD Health Corp. (NASDAQ:WBMD) has “Outperform” rating given on Wednesday, September 16 by Cowen & Co. The stock of WebMD Health Corp. (NASDAQ:WBMD) earned “Buy” rating by Stifel Nicolaus on Wednesday, November 4. As per Tuesday, January 5, the company rating was initiated by KeyBanc Capital Markets. The stock of WebMD Health Corp. (NASDAQ:WBMD) earned “Buy” rating by Suntrust Robinson on Thursday, May 12. The firm earned “Outperform” rating on Wednesday, February 24 by RBC Capital Markets. The firm has “Outperform” rating given on Tuesday, December 8 by RBC Capital Markets. The stock of WebMD Health Corp. (NASDAQ:WBMD) has “Overweight” rating given on Tuesday, August 16 by KeyBanc Capital Markets.

According to Zacks Investment Research, “WebMD announced today that is has signed an agreement to acquire Conceptis Technologies Inc., a Montreal-based provider of online and offline medical education and promotion aimed at physicians and other healthcare professionals. Conceptis has been successful in developing a strong online presence in the cardiology community and is highly respected for the depth and breadth of content contained on its flagship. With the combination of two of the leading cardiology channels on the Internet, Medscape Cardiology and www.theheart.org, WebMD is well positioned to further its lead and penetration in this high value segment of medical marketing.”

Insitutional Activity: The institutional sentiment decreased to 1.51 in 2016 Q2. Its down 0.32, from 1.83 in 2016Q1. The ratio turned negative, as 36 funds sold all WebMD Health Corp. shares owned while 59 reduced positions. 66 funds bought stakes while 77 increased positions. They now own 31.91 million shares or 9.67% more from 29.09 million shares in 2016Q1.
D E Shaw And, a New York-based fund reported 697,756 shares. Cookson Peirce And Com last reported 1.7% of its portfolio in the stock. Strs Ohio holds 0% of its portfolio in WebMD Health Corp. (NASDAQ:WBMD) for 3,400 shares. Citadel Advisors Ltd Llc last reported 16,177 shares in the company. Moreover, Numeric Ltd Llc has 0% invested in WebMD Health Corp. (NASDAQ:WBMD) for 5,900 shares. Glenmede Trust Na holds 12,111 shares or 0% of its portfolio. Moreover, Zurcher Kantonalbank (Zurich Cantonalbank) has 0% invested in WebMD Health Corp. (NASDAQ:WBMD) for 731 shares. Engineers Gate Manager Lp holds 0.21% of its portfolio in WebMD Health Corp. (NASDAQ:WBMD) for 50,189 shares. Thompson Siegel Walmsley Limited owns 6,000 shares or 0.01% of their US portfolio. Secor Cap Advisors L P holds 0.03% of its portfolio in WebMD Health Corp. (NASDAQ:WBMD) for 4,319 shares. Moreover, Summit Securities Group Incorporated Lc has 0.46% invested in WebMD Health Corp. (NASDAQ:WBMD) for 14,994 shares. Aqr Cap Management Ltd Liability, a Connecticut-based fund reported 32,013 shares. Iberiabank has 8,287 shares for 0.22% of their US portfolio. Northern Trust Corp last reported 633,497 shares in the company. Focused Wealth Mgmt has 3 shares for 0% of their US portfolio.

WebMD Health Corp. is a provider of health information services. The company has a market cap of $1.96 billion. The Firm provides its services to consumers, physicians and other healthcare professionals, employers and health plans through its public and private online portals, mobile platforms and health-focused publications. It has a 31 P/E ratio. The WebMD Health Network includes: www.WebMD.com, its primary public portal for clients and related mobile-optimized sites and mobile apps; www.Medscape.com, its primary public portal for physicians and other healthcare professionals and related mobile services; and other sites through which, the Company provides its branded health and wellness content, tools and services.

WBMD Company Profile

WebMD Health Corp., incorporated on May 3, 2005, is a well-known provider of health information services. The Firm provides its services to consumers, physicians and other healthcare professionals, employers and health plans through its public and private online portals, mobile platforms and health-focused publications. The WebMD Health Network includes: www.WebMD.com, its primary public portal for clients and related mobile-optimized sites and mobile apps; www.Medscape.com, its primary public portal for physicians and other healthcare professionals and related mobile services; and other sites through which, the Company provides its branded health and wellness content, tools and services.

Another recent and important WebMD Health Corp. (NASDAQ:WBMD) news was published by Prnewswire.com which published an article titled: “WebMD Increases Stock Repurchase Program” on September 19, 2016.

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