WellCare Health Plans (WCG) is up $26 (24%) since I began discussing the potential Cigna buyout in my weekly update on June 21, and it’s up $50 (60%) since joining the Growth Portfolio in October 2015. I’ve recently been weighing the merits of keeping an overvalued stock for potential M&A activity vs. staring at an overextended price chart and thinking, “this stock is way overdue for a pullback.” Today, I’m pulling the plug on WCG. Sell.
