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WellPoint shares rise after Braly resigns
Modern Healthcare

Investors pushed WellPoint’s stock higher following the resignation of Angela Braly as president and CEO. The Indianapolis-based Blue Cross and Blue Shield licensee, which announced Braly’s departure Tuesday, saw its share price climb 7.8% in the hours after markets opened Wednesday. The stock closed at $61.80, up $4.41, or 7.68%.

WellPoint said John Cannon, the company’s executive vice president, general counsel, corporate secretary and chief public affairs officer, would serve as interim CEO.