Wedge Capital Management L L P NC boosted its stake in Molina Healthcare, Inc. (NYSE:MOH). An increased premium revenue saw MOH stocks surge by 18%, notwithstanding the suspicion that the MOH may be underperforming the healthcare sector. This followed a successful Q3 2024 Financial Results that Molina Healthcare reported. Despite a position reduction by Burney Co., Molina offered compelling reasons why its stocks should be retained. Its decision to acquire ConnectiCare triggered investors' interest. In efforts towards strategic growth, the healthcare giant launched a $500M senior notes offering, raised $750M at a 6.250% Interest Rate, and closed the offering of $750M of these senior notes. With these moves, MOH has been marked as one to watch and is among cheap stocks recommended for purchase heading into 2025. A solid earnings report is anticipated for Q4 2024 set for release on February 5, after exceeding Q3 earnings estimates. Despite price target lowerings by Truist and Wells Fargo, Molina stock remains popular among investors. Molina also plans to extend its services to serve dual-eligible populations in Michigan and Idaho, thus receiving new contracts.
Molina Healthcare MOH News Analytics from Wed, 24 Apr 2024 07:00:00 GMT to Sat, 18 Jan 2025 14:49:09 GMT -
Rating 8
- Innovation 6
- Information 5
- Rumor 4
