Molina Healthcare Inc (MOH) Moves Higher on Volume Spike for November 07

Equities Staff  |

Molina Healthcare Inc (MOH) traded on unusually high volume on Nov. 07, as the stock gained 10.54% to close at $137.32. On the day, Molina Healthcare Inc saw 1.85 million shares trade hands on 19,857 trades. Considering that the stock averages only a daily volume of 932,745 shares a day over the last month, this represents a pretty significant bump in volume over the norm.

Generally speaking, when a stock experiences a sudden spike in trading volume, it may be seen as a bullish signal for investors. An increase in volume means more market awareness for the company, potentially setting up a more meaningful move in stock price. The added volume also provides a level of support and stability for price advances.

The stock has traded between $154.06 and $71.07 over the last 52-weeks, its 50-day SMA is now $140.00, and its 200-day SMA $104.47. Molina Healthcare Inc has a P/B ratio of 5.49. It also has a P/E ratio of 42.4.

Molina Healthcare Inc is a healthcare company. It offers Medicaid-related solutions to meet the health care needs of low-income families and individuals. It also provides plans through health insurance exchanges.

Headquartered in Long Beach, CA, Molina Healthcare Inc has 20,000 employees and is currently under the leadership of CEO Joseph M. Zubretsky.

For a complete fundamental analysis analysis of Molina Healthcare Inc, check out Equities.com’s Stock Valuation Analysis report for MOH.

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To get more information on Molina Healthcare Inc and to follow the company’s latest updates, you can visit the company’s profile page here: MOH’s Profile. For more news on the financial markets and emerging growth companies, be sure to visit Equities.com’s Newsdesk. Also, don’t forget to sign-up for our daily email newsletter to ensure you don’t miss out on any of our best stories.

All data provided by QuoteMedia and was accurate as of 4:30PM ET.



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