Molina Healthcare, Inc. (MOH) Jumps: Stock Rises 11.4% – Tale of the Tape

February 11, 2015 Technicals 0

Zacks

Molina Healthcare, Inc. (MOH) was a big mover last session, as the company saw its shares rise more than 11% on the day. Molina’s shares spiked after it reported better-than-expected fourth-quarter 2014 results, wherein earnings came in at 69 cents per share. This led to far more shares changing hands than in a normal session, breaking the recent trend of the company, as the stock is now trading above the volatile price range of $49.87 to $52.59 over the past one-month time frame.

The stock has witnessed one upward and two downward estimate revisions in the past 30 days. The Zacks Consensus Estimate has moved down over same time frame, suggesting there may be trouble down the road. So make sure to keep an eye on this stock going forward to see if this recent move higher lasts.

Molina Healthcare carries a Zacks Rank #3 (Hold), while its Earnings ESP is negative.

A better-ranked stock in the health care plans industry is Centene Corp. (CNC), sporting a Zacks Rank #1 (Strong Buy).

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