Molina Healthcare Turnaround Uncertainty

16 days ago

Nora Melinda

"Well, Vonnie, you called out Molina Healthcare. This is the best performing stock in the S&P 500. That's ticker MH. Of course, we've been watching the stock because it is charging higher, up as much as 4.8% today. That is the highest level since October. This, of course, is after Michael Bur took the Substack. We're still hearing from Michael Bur. People have all eyes and ears listening to him. He essentially is saying that he's long the stock. He says that Molina seems best positioned to emerge stronger as a cycle turns, especially as it relates to its peers. I'm looking at shares of Molina Healthcare though down about 41% year to date. So, we'll just have to see whether or not this stock is able to chart some sort of turnaround story."

The speaker highlights Molina Healthcare (MH) as the top performer in the S&P 500 with a significant short-term gain, yet notes concerns with a 41% year-to-date decline, leaving its turnaround potential uncertain.

Related Stocks