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Valued at a market cap of $20.65 billion, Molina Healthcare, Inc. (MOH) exclusively provides managed healthcare services in government-sponsored programs. The California-based company caters to low-income families and individuals under the Medicaid and Medicare programs and through the state insurance marketplaces.
Shares of this healthcare company have underperformed the broader market over the past 52 weeks. MOH has gained 9.7% over this time frame, while the broader S&P 500 Index ($SPX) has rallied 26.1%. In 2024, shares of MOH are down 2.5%, compared to SPX’s 17.2% gain on a YTD basis.