Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Molina Healthcare Inc shares valued at $401,050 were sold by Schapiro Richard M on Feb 20 ’24. At $401.05 per share, Schapiro Richard M sold 1,000 shares. The insider’s holdings dropped to 11,207 shares worth approximately $3.8 million following the completion of this transaction.
Also, WOLF DALE B sold 1,500 shares, netting a total of over 597,570 in proceeds. Following the sale of shares at $398.38 each, the insider now holds 14,867 shares.
Before that, ORLANDO STEVEN J had sold 750 shares from its account. In a trade valued at $299,340, the Director traded Molina Healthcare Inc shares for $399.12 each. Upon closing the transaction, the insider’s holdings decreased to 750 shares, worth approximately $6.34 million.
As published in a research note from BofA Securities on March 28, 2024, Molina Healthcare Inc [MOH] has been rated down from a Neutral to an Underperform and the price target has been revised to $439. Analysts at Barclays started covering the stock with ‘”an Equal weight”‘ outlook in a report released in early March. As of February 15, 2024, Wells Fargo has increased its “an Underweight” rating to a “an Equal weight” for MOH. Earlier on June 20, 2023, UBS initiated its rating. Their recommendation was “a Neutral” for MOH stock.
Analyzing MOH Stock Performance
During the last five days, there has been a drop of approximately -7.77%. Over the course of the year, Molina Healthcare Inc shares have dropped approximately -6.21%. Shares of the company reached a 52-week high of $423.92 on 03/27/24 and a 52-week low of $336.87 on 04/26/24. A 50-day SMA is recorded $386.52, while a 200-day SMA reached $355.67. Nevertheless, trading volume fell to 0.4 million shares from 0.39 million shares the previous day.
Support And Resistance Levels for Molina Healthcare Inc (MOH)
According to the 24-hour chart, there is a support level at 336.27, which, if violated, would cause prices to drop to 333.67. In the upper region, resistance lies at 343.19. The next price resistance is at 347.50. RSI (Relative Strength Index) is 26.74 on the 14-day chart, showing oversold technical sentiment. Moving Average Convergence Divergence (MACD) is at -15.17, which suggests the price will decrease in the coming days. Percent R is at 95.24%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
