Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Molina Healthcare Inc shares valued at $39,810 were sold by Schapiro Richard M on Nov 18 ’24. At $292.72 per share, Schapiro Richard M sold 136 shares. The insider’s holdings dropped to 11,556 shares worth approximately $3.42 million following the completion of this transaction.
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Also, Schapiro Richard M purchased 136 shares, netting a total of over 44,273 in proceeds.
Before that, ORLANDO STEVEN J had added 750 shares to its account. In a trade valued at $243,750, the Director bought Molina Healthcare Inc shares for $325.00 each.
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 -3.25%. Over the course of the year, Molina Healthcare Inc shares have dropped approximately -18.06%. 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 $324.45, while a 200-day SMA reached $342.97. Nevertheless, trading volume fell to 0.73 million shares from 0.71 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 289.79, which, if violated, would cause prices to drop to 283.50. In the upper region, resistance lies at 300.62. The next price resistance is at 305.17. RSI (Relative Strength Index) is 41.26 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -21.80, which suggests the price will decrease in the coming days. Percent R is at 76.69%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
