Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Molina Healthcare Inc shares valued at $44,273 were purchased by Schapiro Richard M on Oct 28 ’24. At $325.54 per share, Schapiro Richard M acquired 136 shares.
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Also, ORLANDO STEVEN J purchased 750 shares, netting a total of over 243,750 in proceeds.
Before that, HEBERT MAURICE had sold 393 shares from its account. In a trade valued at $136,182, the Chief Accounting Officer traded Molina Healthcare Inc shares for $346.52 each. Upon closing the transaction, the insider’s holdings decreased to 393 shares, worth approximately $3.09 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 surge of approximately 0.62%. Over the course of the year, Molina Healthcare Inc shares have dropped approximately -9.72%. Shares of the company reached a 52-week high of $423.92 on 03/27/24 and a 52-week low of $272.69 on 10/23/24. A 50-day SMA is recorded $331.70, while a 200-day SMA reached $345.60. Nevertheless, trading volume fell to 1.31 million shares from 0.44 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 310.59, which, if violated, would cause prices to drop to 294.99. In the upper region, resistance lies at 338.21. The next price resistance is at 350.23. RSI (Relative Strength Index) is 51.69 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 16.86, which suggests the price will increase in the coming days. Percent R is at 23.39%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
