Insider Selling: Molina Healthcare VP Unloads 1,329 Shares of Stock (MOH)
Molina Healthcare (NYSE:MOH) VP Joseph W. Cpa White sold 1,329 shares of Molina Healthcare stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $35.98, for a total value of $47,817.42. Following the completion of the sale, the vice president now directly owns 95,320 shares of the company’s stock, valued at approximately $3,429,614. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
A number of research firms have recently commented on MOH. Analysts at Credit Suisse initiated coverage on shares of Molina Healthcare in a research note to investors on Thursday, January 23rd. They set a “neutral” rating and a $42.00 price target on the stock. Separately, analysts at Zacks upgraded shares of Molina Healthcare from an “underperform” rating to a “neutral” rating in a research note to investors on Monday, January 6th. They now have a $38.00 price target on the stock. Finally, analysts at Zacks downgraded shares of Molina Healthcare from a “neutral” rating to an “underperform” rating in a research note to investors on Tuesday, December 3rd. They now have a $31.00 price target on the stock. Nine research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $41.00.
Molina Healthcare (NYSE:MOH) traded down 1.58% during mid-day trading on Monday, hitting $35.43. The stock had a trading volume of 471,607 shares. Molina Healthcare has a 52 week low of $28.21 and a 52 week high of $40.90. The stock’s 50-day moving average is $35.60 and its 200-day moving average is $35.32. The company has a market cap of $1.621 billion and a price-to-earnings ratio of 19.42.
Molina Healthcare, Inc provides medicaid-related solutions. The Company operates in two segments: Health Plans and Molina Medicaid Solutions.
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