Healthways (HWAY) Hits New 52-Week High on Lowered Medicare Rate
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Shares of Healthways (Nasdaq: HWAY) have once again hit a new 52-week high today. The Company's stock is up more than 5% today, reaching as high as $71.22. Today's gain is not as drastic as yesterday's 10% rise in stock price, but it shows that momentum is still helping the stock.
Healthways stock continues to benefit from an SEC filing released Monday regarding the approval of a lower savings rates for the Medicare Health Support program from 5% to 0%. The request was made by the Centers for Medicare and Medicaid Services and approved by the Office of Management and Budget.
One analyst commenting on the news said the lowered rate could add up to $0.25 per share onto Healthways FY08 earnings. The current Wall Street consensus for FY08 EPS is $1.79.
Healthways, Inc. provides specialized health and care support solutions in the United States.
Healthways stock continues to benefit from an SEC filing released Monday regarding the approval of a lower savings rates for the Medicare Health Support program from 5% to 0%. The request was made by the Centers for Medicare and Medicaid Services and approved by the Office of Management and Budget.
One analyst commenting on the news said the lowered rate could add up to $0.25 per share onto Healthways FY08 earnings. The current Wall Street consensus for FY08 EPS is $1.79.
Healthways, Inc. provides specialized health and care support solutions in the United States.
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