Molina Healthcare, Inc. Healthcare | Health Care Plans | USA 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 in the United States. It operates through three segments: Health Plans, Molina Medicaid Solutions, and Other. The Health Plans segment operates health plans in 12 states. As of December 31, 2017, this segment served approximately 4.5 million members who were eligible for Medicaid, Medicare, and other government-sponsored health care programs. The Molina Medicaid Solutions segment offers business process, information technology development, and administrative services to Medicaid agencies in Idaho, Louisiana, Maine, New Jersey, and West Virginia, as well as the U.S. Virgin Islands; and drug rebate administration services in Florida. The Other segment provides behavioral health and social services. The company offers health care services for its members through contracts with physicians, hospitals, and other providers. Molina Healthcare, Inc. was founded in 1980 and is headquartered in Long Beach, California.
Up against the gap to an island top. Cannot seem to post charts from my tradingview account right now. But this was in a range 45-80 since Sep 2014. It tried to break out but failed, creating that island top.
Molina in Long Beach is my employer so I'm not sure what I can say without having the Feds take me away in cuffs. It is publicly known that they have recently gone through restructuring (layoffs) and have new leadership. Their healthcare products are geared towards those who need government assistance, i.e. Medicare and Medicaid. There was rapid growth shortly after Obamacare was enacted into law. That growth has fizzled and like most healthcare companies Molina is trying to figure out where the market is headed.
Molina Healthcare, Inc. (NYSE: MOH) today reported its financial results for the first quarter of 2018 and provided its revised guidance for fiscal year 2018. "The financial results that we announced today reflect the progress we are making towards our goal of sustainable margin recovery," said Joe Zubretsky, President and CEO. "First quarter results of $1.64 net income per diluted share are a significant improvement over 2017 and favorable to our expectations. Whether measured by key operating metrics, product line or health plan geography, we met or exceeded our expectations in most areas." --------- Up over 6% this morning.
Interesting action in the health care plan stocks (CNC, MOH). CNC had a seeming bad report, lowering guidance by 25%. But the stock reaction held up well only dropping from $110 to 108.
A blind man could see this coming. Have mixed feelings about class actions. Are they legit or sore losers?
There's been a lawsuit filed against Molina every day this week. Here's a snippet of the latest notice. Around the water cooler the concern is regarding more possible layoffs and a take over. Stock price is up 13.5% over past 30 days.
A takeover you say? Would not be surprised. It's funny that there are so many lawsuits for a stock that is trading at all-time highs. Friday actually gapped up AND had volume 50% above average. Waiting on a pullback now, but these healthcare stocks have been acting strong.
Heads up. Earnings out tonight. What are the rules for employees making predictions in public? Only inside information I have is what I see here in the trenches.
