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Molina Healthcare Inc [MOH] Investment Appeal on the Rise

In a filing, Molina Healthcare Inc revealed its Chief Operating Officer WOYS JAMES unloaded Company’s shares for reported $3.45 million on May 22 ’24. In the deal valued at $345.15 per share,10,000 shares were sold. As a result of this transaction, WOYS JAMES now holds 53,613 shares worth roughly $16.32 million.

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Then, ROMNEY RONNA sold 250 shares, generating $85,818 in total proceeds. Upon selling the shares at $343.27, the Director now owns 16,945 shares.

Before that, Schapiro Richard M sold 1,000 shares. Molina Healthcare Inc shares valued at $401,050 were divested by the Director at a price of $401.05 per share. As a result of the transaction, Schapiro Richard M now holds 11,207 shares, worth roughly $3.41 million.

Robert W. Baird initiated its Molina Healthcare Inc [MOH] rating to an Outperform in a research note published on May 30, 2024; the price target was $405. A number of analysts have revised their coverage, including BofA Securities’s analysts, who decreased its forecast for the stock in late March from “a Neutral” to “an Underperform”. Barclays began covering MOH with “an Equal weight” recommendation on March 06, 2024. Wells Fargo revised its rating on February 15, 2024. It rated MOH as “an Equal weight” which previously was an “an Underweight”.

Price Performance Review of MOH

On Tuesday, Molina Healthcare Inc [NYSE:MOH] saw its stock fall -1.48% to $304.41. Over the last five days, the stock has lost -1.19%. Molina Healthcare Inc shares have fallen nearly -15.75% since the year began. Nevertheless, the stocks have risen 5.72% over the past one year. While a 52-week high of $423.92 was reached on 03/27/24, a 52-week low of $286.36 was recorded on 05/29/24. SMA at 50 days reached $333.51, while 200 days put it at $358.07. A total of 0.37 million shares were traded, compared to the trading of 0.84 million shares in the previous session.

Levels Of Support And Resistance For MOH Stock

The 24-hour chart illustrates a support level at 302.42, which if violated will result in even more drops to 300.44. On the upside, there is a resistance level at 308.21. A further resistance level may holdings at 312.02. The Relative Strength Index (RSI) on the 14-day chart is 35.08, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.08, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 80.38%. Stochastics %K at 36.18% indicates the stock is a holding.

The most recent change occurred on June 20, 2023 when UBS began covering the stock and recommended ‘”a Neutral”‘ rating along with a $310 price target.

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