Large Outflow of Money Witnessed in Molina Healthcare Inc

Molina Healthcare Inc (MOH) : The total negative money flow of $8.67 million on Friday indicates selling on strength. The inflow of money on upticks was $8.06 million, compared to $16.72 million outflow on downticks, which confirms distribution in the stock. The up to down ratio was 0.48. The negative money flow of $7.02 million in block trades reveals that the informed traders sold the stock on every bit of price strength. The traded value of the stock on uptick was $0.61 million in a block trade.The transaction value of block trade on downtick was $7.63 million. The uptick to downtick ratio was 0.08. The price action in the Molina Healthcare Inc (MOH) stock suggests that both the bulls and the bears were in equilibrium. The stock traded at $53.04 with a gain of $0.23 , a change of 0.44% over the previous days close. The stock registered 1.98% for the week.


Molina Healthcare Inc (MOH) : The highest level Molina Healthcare Inc (MOH) is projected to reach is $75 for the short term and the lowest estimate is at $50. The consolidated price target from 11 rating analysts who initiate coverage on the stock is $62.09 and the possibility the share price can swing is $8.48.

Molina Healthcare Inc (NYSE:MOH): stock turned positive on Friday. Though the stock opened at $52.76, the bulls momentum made the stock top out at $53.38 level for the day. The stock recorded a low of $52.76 and closed the trading day at $53.04, in the green by 0.44%. The total traded volume for the day was 1,165,179. The stock had closed at $52.81 in the previous days trading.

In a related news, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the director of Molina Healthcare Inc, Romney Ronna had sold 250 shares worth of $15,700 in a transaction dated April 11, 2016. In this transaction, 250 shares were sold at $62.8 per share.

Molina Healthcare, Inc. provides health care to those receiving Government assistance. The Company offers Medicaid-related solutions for low-income families and individuals, and assists state agencies in their administration of the Medicaid program. The Company operates through two segments: Health Plans segment and Molina Medicaid Solutions segment. The Companys Health Plans segment consists of health plans in around 11 states, and includes its direct delivery business. The Companys direct delivery business consists primarily of the management of a hospital in southern California, and the operation of primary care clinics in several states in which the Company operates. The Companys Molina Medicaid Solutions segment provides business processing and information technology development, and administrative services to Medicaid agencies in Idaho, Louisiana, Maine, New Jersey, West Virginia, and the United States Virgin Islands, and drug rebate administration services in Florida.

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