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Long Beach, California-based Molina Healthcare, Inc. (MOH) provides managed healthcare services to low-income families and individuals under the Medicaid and Medicare programs and through the state insurance marketplaces. With a market cap of around $17 billion, it operates through Medicaid, Medicare, Marketplace, and other segments and has operations spanning almost 20 U.S. states.
Molina Healthcare has underperformed the broader market over the past year. MOH stock has plummeted 17.8% on a YTD basis and 19.3% over the past 52 weeks, lagging behind the S&P 500 Index’s ($SPX) 26.2% gains in 2024 and 32.1% returns over the past year.