The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Molina Healthcare Inc shares valued at $136,182 were sold by HEBERT MAURICE on Aug 15 ’24. At $346.52 per share, HEBERT MAURICE sold 393 shares. The insider’s holdings dropped to 9,473 shares worth approximately $3.14 million following the completion of this transaction.
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Also, HEBERT MAURICE purchased 393 shares, netting a total of over 136,182 in proceeds.
Before that, ORLANDO STEVEN J had sold 1,000 shares from its account. In a trade valued at $339,210, the Director traded Molina Healthcare Inc shares for $339.21 each. Upon closing the transaction, the insider’s holdings decreased to 1,000 shares, worth approximately $5.98 million.
As published in their initiating research note from Robert W. Baird on May 30, 2024, Molina Healthcare Inc [MOH] has been an Outperform and the price target has been revised to $405. Analysts at BofA Securities downgraded the stock from ‘”a Neutral”‘ to ‘”an Underperform”‘ outlook in a report released in late March. As of March 06, 2024, Barclays has initiated its “an Equal weight” rating for MOH. Earlier on February 15, 2024, Wells Fargo upgraded its rating. Their new recommendation was “an Equal weight” for MOH stock which previously was a “an Underweight”.
Analyzing MOH Stock Performance
During the last five days, there has been a drop of approximately -3.69%. Over the course of the year, Molina Healthcare Inc shares have dropped approximately -8.17%. Shares of the company reached a 52-week high of $423.92 on 03/27/24 and a 52-week low of $282.96 on 07/23/24. A 50-day SMA is recorded $342.50, while a 200-day SMA reached $352.02. Nevertheless, trading volume fell to 0.52 million shares from 0.27 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 327.88, which, if violated, would cause prices to drop to 323.97. In the upper region, resistance lies at 338.37. The next price resistance is at 344.95. RSI (Relative Strength Index) is 40.80 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -8.14, which suggests the price will decrease in the coming days. Percent R is at 96.37%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
