St. Louis-based Centene Corp (NYSE:CNC) and Molina Healthcare, Inc. (NYSE:MOH) have each been rewarded Medicaid managed care agreements in Ohio in a rearranging of the before reported five winning bidders.
In April, Centene and Long Beach, Calif.-based Molina were amid the five losing bidders who filed complaints over the bid-scoring process to reward billions of dollars valued of the agreements. Both firms, which saw their stock take a strike from Ohio’s initial bid denial, also saw their stock decreased on Thursday on news that Molina withdrew its earnings guidance following finding costs are running upper than the premiums at its business in Texas, a market also served by Centene.
Other healthcare stocks with bullish trend include Arena Pharmaceuticals, Inc. (NASDAQ:ARNA) up 2.26% to $6.57, Pfizer Inc. (NYSE:PFE) up 0.27% to $22.00 and Zalicus Inc (NASDAQ:ZLCS) up 8.55% to $1.27, whereas with bearish trend include Illumina, Inc. (NASDAQ:ILMN) down -1.88% to $38.59, NPS Pharmaceuticals, Inc. (NASDAQ:NPSP) down -8.68% to $7.36 and The Cooper Companies, Inc. (NYSE:COO) down -2.94% to $77.71.
Centene Corp (NYSE:CNC) after opening at $36.08 hit high price of $36.45 and then trading at $36.07 by surging 9.84% at 10:48AM EDT and on current session volume of 940,666.00 shares is surprisingly lower than its average volume of 1.04 million shares.
The stock price volatility was 4.90% for a week and 3.56% for a month as well as price volatility’s Average True Range for 14 days was 1.59 and its beta remained 1.11.
The liquidity measure in recent quarter results of the company was recorded 1.04 as current ratio and on the other side the debt to equity ratio was 0.36 and long-term debt to equity ratio also remained 0.35. The Company had total cash at hand $559.22 million and a book value per share as $19.04 in the most recent quarter.
Molina Healthcare, Inc. (NYSE:MOH) stock reports on June 08, 2012 increased 22.68% to the trading price of $21.80 at 10:50AM EDT. Its fifty two week range is $13.93-$36.83. The total market capitalization remained $1.01 billion.
The overall volume in the current trading session is 2.88 million shares. In its share capital MOH has 46.35 million outstanding shares among them 29.93 million shares have been floated in market exchange. MOH stock institutional ownership remained 66.72% while insider ownership included 3.66%.
DO NOT TRADE ANY STOCK WITHOUT LEVEL 2 STOCK QUOTES! QuoteDaddy.com delivers it's user with the most in-depth Level 2 Quotation System available on the Planet! NO Downloads, NO Widgets, NO Plugins required! Stay on TOP of your trades with QuoteDaddy.com! CLICK HERE TO START YOUR FREE 30-DAY TRIAL