In a filing, Molina Healthcare Inc revealed its Director Schapiro Richard M unloaded Company’s shares for reported $0.4 million on Feb 20 ’24. In the deal valued at $401.05 per share,1,000 shares were sold. As a result of this transaction, Schapiro Richard M now holds 11,207 shares worth roughly $3.84 million.
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Then, WOLF DALE B sold 1,500 shares, generating $597,570 in total proceeds. Upon selling the shares at $398.38, the Director now owns 14,867 shares.
Before that, ORLANDO STEVEN J sold 750 shares. Molina Healthcare Inc shares valued at $299,340 were divested by the Director at a price of $399.12 per share. As a result of the transaction, ORLANDO STEVEN J now holds 18,701 shares, worth roughly $6.4 million.
BofA Securities downgraded its Molina Healthcare Inc [MOH] rating to an Underperform from a a Neutral in a research note published recently. A number of analysts have revised their coverage, including Barclays’s analysts, who began to cover the stock in early March with a ‘”an Equal weight”‘ rating. Wells Fargo also remained covering MOH and has increased its forecast on February 15, 2024 with a “an Equal weight” recommendation from previously “an Underweight” rating. UBS started covering the stock on June 20, 2023. It rated MOH as “a Neutral”.
Price Performance Review of MOH
On Tuesday, Molina Healthcare Inc [NYSE:MOH] saw its stock fall -0.44% to $342.32. Over the last five days, the stock has lost -2.19%. Molina Healthcare Inc shares have fallen nearly -5.26% since the year began. Nevertheless, the stocks have risen 20.04% over the past one year. While a 52-week high of $423.92 was reached on 03/27/24, a 52-week low of $266.35 was recorded on 05/03/24. SMA at 50 days reached $372.64, while 200 days put it at $358.33. A total of 0.23 million shares were traded, compared to the trading of 0.24 million shares in the previous session.
Levels Of Support And Resistance For MOH Stock
The 24-hour chart illustrates a support level at 341.17, which if violated will result in even more drops to 340.01. On the upside, there is a resistance level at 344.49. A further resistance level may holdings at 346.66. The Relative Strength Index (RSI) on the 14-day chart is 37.82, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.71, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 68.89%. Stochastics %K at 42.84% indicates the stock is a holding.
The most recent change occurred on April 21, 2023 when Cantor Fitzgerald began covering the stock and recommended ‘”an Overweight”‘ rating along with a $354 price target.
