- Entry
- $391.06
- Final
- $271.81 -30.5%
- Target
- $200.00
- Score
- +0.62
Back in 2007, criminal charges were bought against WellCare and its executives for defrauding Florida's Medicaid program. https://www.justice.gov/archives/opa/pr/four-former-wellcare-executives-found-guilty-florida It's stock ticker is WCG, and you can find a historical chart here: https://www.barchart.com/stocks/quotes/WCG/interactive-chart In October 23, 2007, the Justice Department announced charges against the company and the stock dropped from $115 to $20 over a few days, a loss of 82%. It eventually stabilized in the $30 range before going back down into the single digits during the Great Recession. However, …
— ORIGINAL POST ·
Regarding the UNH criminal probe, look at the WellCare fraud for clues of the Armageddon scenario.
· r/stocks
· May 15, 2025