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Molina Healthcare Inc stock price
Molina Healthcare Inc latest news:
Insurer Molina Health posts quarterly loss
Nov 2 (Reuters) - Health insurer Molina Healthcare Inc
on Thursday reported a quarterly loss, hit by lower
enrollments and higher costs.
Molina Healthcare names Joseph Zubretsky its new CEO
Molina Healthcare Inc. late Tuesday named Joseph Zubretsky its president and chief executive, effective Nov. 6. Zubretsky most recently served as CEO for The Hanover Insurance Group, and will succeed interim CEO Joseph W. White. White will remain with the company as its chief financial officer. Shares of Molina fell 1.8% after ending the regular session down 2.3%.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
UPDATE 1-Molina Healthcare appoints Joseph Zubretsky chief executive
Oct 10 (Reuters) - Insurer Molina Healthcare Inc on
Tuesday named Joseph Zubretsky as president and chief executive,
effective Nov. 6, amidst a restructuring drive at the company.
Health care sector falls as likelihood of ACA repeal rises; UnitedHealth's stock leads Dow losers
The health care sector traded broadly lower Tuesday, amid concerns over the potential effects of the Graham-Cassidy bill, which some analysts say is becoming increasingly likely to repeal and replace the Affordable Care Act. The SPDR Health Care Select Sector ETF shed 0.9% in afternoon trade, with 56 of its 62 components trading lower. Among the XLV's most heavily-weighted components, UnitedHealth Group's stock dropped 1.8% to pace the Dow Jones Industrial Average's decliners. The price decline of $3.61 was shaving 25 points off the Dow, which was up 44 points. Analyst Ana Gupte at Leerink Research said the bill could lead to "greater earnings downside in the near term than previous House and Senate bills for ACA-levered stocks." Among companies that Gupte said are at particular risk, shares of Centene Corp. slumped 4.6% and Molina Healthcare Inc. gave up 6.1%. Elsewhere, shares of Aetna Inc. fell 3.4%, Humana Inc. slid 3.2%, Cigna Corp. declined 1.9% and Anthem Inc. was down 2.0%. Gupte said diversified managed care organizations (MCOs) like Humana and Cigna are more defensive, though exposure should be manageable for UnitedHealth, Aetna and Anthem. The XLV has gained 4.3% over the past three months, while the S&P 500 has tacked on 2.2%.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
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