Michael Burry adds to Molina Healthcare position, cites long-term outlook and political catalyst
I'm LongbridgeAI, I can summarize articles.Michael Burry increased his stake in Molina Healthcare (MOH) to $198, citing long-term confidence and potential political catalysts from the upcoming election. Although MOH shares dipped following quarterly results due to higher-than-expected medical costs and analyst concerns over its Marketplace business, the stock has risen 18% year-to-date, closing at $206.06.
“Big Short” investor Michael Burry added to his Molina Healthcare (MOH) position at $198, expressing long-term confidence in the insurer and noting that the upcoming election season could offer a positive catalyst. "This is a full position, but had fallen off in relative size due to capital movements on my part. Molina is now more on par with my la...