Molina Healthcare Inc’s recent filing unveils that its Chief Accounting Officer HEBERT MAURICE unloaded Company’s shares for reported $0.14 million on Aug 15 ’24. In the deal valued at $346.52 per share,393 shares were sold. As a result of this transaction, HEBERT MAURICE now holds 9,473 shares worth roughly $3.42 million.
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Then, HEBERT MAURICE bought 393 shares, generating $136,182 in total proceeds.
Before that, ORLANDO STEVEN J sold 1,000 shares. Molina Healthcare Inc shares valued at $339,210 were divested by the Director at a price of $339.21 per share. As a result of the transaction, ORLANDO STEVEN J now holds 18,025 shares, worth roughly $6.5 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 Monday, Molina Healthcare Inc [NYSE:MOH] saw its stock jump 0.72% to $360.77. Over the last five days, the stock has gained 11.45%. Molina Healthcare Inc shares have fallen nearly -0.15% since the year began. Nevertheless, the stocks have risen 10.33% over the past one year. While a 52-week high of $423.92 was reached on 03/27/24, a 52-week low of $282.96 was recorded on 07/23/24. SMA at 50 days reached $329.41, while 200 days put it at $353.32.
Levels Of Support And Resistance For MOH Stock
The 24-hour chart illustrates a support level at 357.92, which if violated will result in even more drops to 355.07. On the upside, there is a resistance level at 364.42. A further resistance level may holdings at 368.08. The Relative Strength Index (RSI) on the 14-day chart is 63.59, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 12.93, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 10.23%. Stochastics %K at 90.21% indicates the stock is a selling.
How much short interest is there in Molina Healthcare Inc?
A steep rise in short interest was recorded in Molina Healthcare Inc stocks on 2024-08-30, dropping by -0.21 million shares to a total of 1.37 million shares. Yahoo Finance data shows the prior-month short interest on 2024-07-31 was 1.58 million shares. There was a decline of -15.49%, which implies that there is a negative sentiment for the stock.
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.
