The stock price of online health information content vendor WebMD Health Corp. fell 30 percent on July 18 after the company downgraded its financial performance for the rest of 2011.

The stock fell in the morning after the announcement and did not recover much after the company issued a follow-up statement from Chairman Martin Wygod saying he has the "utmost confidence in WebMD's growth prospects and the future value of the company." However, speculators came in during early after-hours trading and boosted the stock by 13 percent.

Register or login for access to this item and much more

All Health Data Management content is archived after seven days.

Community members receive:
  • All recent and archived articles
  • Conference offers and updates
  • A full menu of enewsletter options
  • Web seminars, white papers, ebooks

Don't have an account? Register for Free Unlimited Access