Insider Selling in Molina Healthcare (MOH) Shares Continues

Wednesday, January 24, 2018 10:15 PM ET

Insider Selling in Molina Healthcare (MOH) Shares Continues

A SEC filing today disclosed a significant insider sale of Molina Healthcare shares as — John C Molina, Director — sold 32,689 shares in the company having a market value of approximately $3,001,240. There have been 11 insiders with buy/sell transactions in the past 90 days prior to this filing. All of these trades have been sales resulting in the sale of 1,063,815 company shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net sales of 1,096,504 shares and have averaged 91,375 shares per transaction over this time period.

Compared to its peers over the last 90 days, insider buy/sell trading at Molina Healthcare is greater than the 11-company peer group average. Managed Healthcare peer group saw 42 buy/sell trades during this period for an average of 3.8 transactions per company. The number of shares per buy/sell trade for Molina Healthcare insiders was also higher. Within the peer group there were 0 shares purchased and 1,188,058 shares sold with company insiders selling 28,287 shares on average.

The data used in evaluating and writing in this story eliminates all trading activity reported to the SEC that involves awards, options, exercise of derivative securities, company buy-backs, taxes, gifts, shares acquired via inheritance and tenders or exchange offers.

Using proprietary Natural Language Generation (NLG) technology, UpTick evaluates corporate insider filings reported to the SEC and creates real-time news and analysis to report the most significant insider transactions based on transaction type, size and historical trends.

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