LOS ANGELES--(BUSINESS WIRE)--Glancy Prongay & Murray LLP (“GPM”) announces an investigation on behalf of Molina Healthcare, Inc. (“Molina” or the “Company”) (NYSE: MOH) investors concerning the Company and its officers’ possible violations of federal securities laws. To obtain information or aid in the investigation, please visit the Molina investigation page on our website at www.glancylaw.com/case/molina-healthcare-inc.
On August 2, 2017, the Company withdrew its 2017 earnings outlook and announced that it will eliminate 1,500 jobs, and exit certain Obamacare markets after the health insurer posted a steep second quarter loss. On this news Molina shares fell nearly 6%, or $3.92 per share, to close at 62.32 per share on August 3, 2017. The Company’s shares continued to fall the following trading day, closing down $2.52 per share, or over 4%, to close at $59.80 per share on August 4, 2017.
Follow us for updates on Twitter: twitter.com/GPM_LLP.
If you purchased Molina securities, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Lesley Portnoy, Esquire, of GPM, 1925 Century Park East, Suite 2100, Los Angeles, California 90067 at 310-201-9150, Toll-Free at 888-773-9224, by email to firstname.lastname@example.org, or visit our website at www.glancylaw.com. If you inquire by email please include your mailing address, telephone number and number of shares purchased.
This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.