Molina Healthcare Inc (MOH) Plunges 7.49% on April 16

Equities Staff  |

Molina Healthcare Inc (MOH) had a rough trading day for Tuesday April 16 as shares tumbled 7.49%, or a loss of $-9.89 per share, to close at $122.09. After opening the day at $134.24, shares of Molina Healthcare Inc traded as high as $136.56 and as low as $120.45. Volume was 1.4 million shares over 16,382 trades, against an average daily volume of n/a shares and a total float of 62.63 million.

As a result of the decline, Molina Healthcare Inc now has a market cap of $7.65 billion. In the last year, shares of Molina Healthcare Inc have traded between a range of $154.06 and $80.77, and its 50-day SMA is currently $n/a and 200-day SMA is $n/a.

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

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Molina Healthcare Inc 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.

Molina Healthcare Inc is based out of Long Beach, CA and has some 11,000 employees. Its CEO is Joseph M. Zubretsky.

Molina Healthcare Inc is a component of the Russell 2000. The Russell 2000 is one of the leading indices tracking small-cap companies in the United States. It's maintained by Russell Investments, an industry leader in creating and maintaining indices, and consists of the smallest 2000 stocks from the broader Russell 3000 index.

Russell's indices differ from traditional indices like the Dow Jones Industrial Average (DJIA) or S&P 500, whose members are selected by committee, because they base membership entirely on an objective, rules based methodology. The 3,000 largest companies by market cap make up the Russell 3000, with the 2,000 smaller companies making up the Russell 2000. It's a simple approach that gives a broad, unbiased look at the small-cap market as a whole.

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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