Molina Healthcare (MOH) Moving On Heavy Pre-Market Trading

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Trade-Ideas LLC identified Molina Healthcare ( MOH) as a pre-market mover with heavy volume candidate. In addition to specific proprietary factors, Trade-Ideas identified Molina Healthcare as such a stock due to the following factors:

  • MOH has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $64.3 million.
  • MOH traded 122,585 shares today in the pre-market hours as of 8:53 AM, representing 12.8% of its average daily volume.

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More details on MOH:

Molina Healthcare, Inc. provides Medicaid-related solutions to meet the health care needs of low-income families and individuals; and to assist state agencies in their administration of the Medicaid program. The company operates through two segments, Health Plans and Molina Medicaid Solutions. MOH has a PE ratio of 41. Currently there are 5 analysts that rate Molina Healthcare a buy, no analysts rate it a sell, and 7 rate it a hold.

The average volume for Molina Healthcare has been 699,700 shares per day over the past 30 days. Molina Healthcare has a market cap of $3.6 billion and is part of the health care sector and health services industry. The stock has a beta of 1.28 and a short float of 16.6% with 7.69 days to cover. Shares are up 31.4% year-to-date as of the close of trading on Tuesday.

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