Molina Healthcare Inc (MOH) Moves Lower on Volume Spike for February 12

Equities Staff  |

Molina Healthcare Inc (MOH) traded on unusually high volume on Feb. 12, as the stock lost 5.62% to close at $129.39. On the day, Molina Healthcare Inc saw 2.59 million shares trade hands on 25,145 trades. Considering that the stock averages only a daily volume of 755,706 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 $129.95, and its 200-day SMA $119.97. Molina Healthcare Inc has a P/B ratio of 5.17. It also has a P/E ratio of 46.7.

Molina Healthcare offers healthcare plans focused on Medicaid-related solutions for low-income families and individuals. Its health plans are operated by a network of subsidiaries, each of which is licensed as a health maintenance organization (HMO). In addition to its Health Plans segment, Molina has a Medicaid Solutions segment that provides solutions to U.S. state governments for their Medicaid management information systems. Molina's Medicaid plans receive revenue on a per-member per-month basis from state government agencies, and its Medicare Advantage plans receive revenue from managed care plans that contract with the Centers for Medicaid and Medicare (CMS). Molina 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.

Still paying commissions on stock trades? Equities.com now offers 100% commission free stock trading and flat-fee options trading for $89.95/month! Get started today by https://www.equities.com/trading

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.



DISCLOSURE: The views and opinions expressed in this article are those of the authors, and do not represent the views of equities.com. Readers should not consider statements made by the author as formal recommendations and should consult their financial advisor before making any investment decisions. To read our full disclosure, please go to: http://www.equities.com/disclaimer

Comments

Watchlist

Symbol Last Price Change % Change
AAPL

     
AMZN

     
HD

     
JPM

     
IBM

     
BA

     
WMT

     
DIS

     
GOOG

     
XOM

     
BRK.A

     
FB

     
JNJ

     
WFC

     
T

     
NFLX

     
TSLA

     
V

     
UNH

     
PG

     

World Economic Forum at Davos 2019 - Joseph Weinberg CEO PayCase, Chairman Shyft

Matt Bird sits down with Joseph Weinberg CEO PayCase, Chairman Shyft at the World Economic Forum at Davos 2019