Molina Healthcare Stock Soars 18% as Premium Revenue Surges

Key TakeawaysShares of Molina Healthcare surged on Thursday after the health insurer reported strong results for the third quarter of 2024.Molina reported a year-over-year increase in premium revenue, despite issues related to Medicaid redeterminations.The company said new contract wins, footprint expansion and acquisitions contributed to revenue growth. Molina Healthcare (MOH) shares skyrocketed 18%, scoring one of the top performances among S&P 500 stocks on Thursday, after the health insurer reported bet ...