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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. Valued at a market cap of almost $16 billion, the company specializes in serving low-income, high-need populations, including those eligible for government-sponsored healthcare programs.
Shares of this healthcare company have massively underperformed the broader market over the past 52 weeks. MOH has declined 24.8% over this time frame, while the broader S&P 500 Index ($SPX) has soared 17%. Nonetheless, on a YTD basis, the stock is up 5.1%, outpacing SPX’s 1.3% rise.
