Molina Healthcare traded at $189.80 this Friday October 2nd, increasing $8.95 or 4.95 percent since the previous trading session. Looking back, over the last four weeks, Molina Healthcare gained 6.46 percent. Over the last 12 months, its price fell by 6.03 percent. Looking ahead, we forecast Molina Healthcare to be priced at 185.43 by the end of this quarter and at 173.62 in one year, according to Trading Economics global macro models projections and analysts expectations.
Molina Healthcare, Inc. is a provider of managed healthcare services under the Medicaid and Medicare programs, and through the state insurance marketplaces. The Company operates through four segments: Medicaid, Medicare, Marketplace, and Other. The Medicaid, Medicare, and Marketplace segments represent the government-funded or sponsored programs under which the Company offers managed healthcare services. Medicaid provides healthcare and long-term care services and support to low-income Americans. Medicare is a federal program that provides eligible persons age 65 and over and some disabled persons with a variety of hospital, medical insurance, and prescription drug benefits. Marketplace insurance exchanges allows individuals and small groups to purchase federally subsidized health insurance. The Company arranges healthcare services for its members through contracts with a network of providers, including independent physicians and physician groups, hospitals, and ancillary providers.