Molina Healthcare Inc (NYSE:MOH) traded at a new 52-week high today of $283.81. So far today approximately 117,000 shares have been exchanged, as compared to an average 30-day volume of 264,000 shares.
Molina Healthcare Inc offers healthcare plans focused on Medicaid-related solutions for low-income families and individuals. Its health plans are operated by a network of subsidiaries, each of which is licensed as a health maintenance organization (HMO). In addition to its Health Plans segment, Molina has a Medicaid Solutions segment that provides solutions to U.S. state governments for their Medicaid management information systems. Molina's Medicaid plans receive revenue on a per-member per-month basis from state government agencies, and its Medicare Advantage plans receive revenue from managed care plans that contract with the Centers for Medicaid and Medicare (CMS). Molina also provides plans through health insurance exchanges.
Potential upside of 3.6% exists for Molina Healthcare Inc, based on a current level of $281.17 and analysts' average consensus price target of $291.38.
In the past 52 weeks, Molina Healthcare Inc share prices are bracketed by a low of $151.40 and a high of $283.81 and is now at $281.17, 86% above that low price.
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