Reuters: Global Markets: WellPoint shares rise on CEO resignation

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WellPoint shares rise on CEO resignation Aug 29th 2012, 13:30 Wed Aug 29, 2012 9:30am EDT (Reuters) - Shares in WellPoint Inc (WLP.N), the No. 2 U.S. health insurer, rose 5 percent in premarket trade after Chief Executive Angela Braly resigned suddenly in the face of increasing investor disappointment with the firm's financial performance. Late last month, the company cut its full-year profit forecast on both rising medical costs and fierce competition that had seen its membership shrink. WellPoint shares were up 5 percent to $60.20 in premarket trade. They closed at $57.39 on Tuesday on the New York Stock Exchange.

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