Molina Healthcare, Inc. (NYSE:MOH) was a big mover last session, as the company saw its shares rise nearly 15% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This breaks the recent trend of the company, as the stock is now trading above the volatile price range of $59.86 to $69 in the past one-month time frame.
The move came after the company reported better-than-expected third-quarter 2017 adjusted earnings along with increased year-over-year revenue.
The company has seen one negative estimate revision in the past few weeks, while its Zacks Consensus Estimate for the current quarter has also moved lower over the past few weeks, 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 can last.
Molina Healthcare currently has a Zacks Rank #3 (Hold) while its Earnings ESP is negative.
A better-ranked stock in the Medical - HMOs is WellCare Health Plans, Inc. (NYSE:WCG) , which currently carries a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
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Molina Healthcare Inc (MOH): Free Stock Analysis Report
WellCare Health Plans, Inc. (WCG): Free Stock Analysis Report
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