ModivCare Inc. (MODV) saw a significant price increase on January 15, 2025, closing at $7.12, up 20.07% from the previous day's close of $5.93. The stock opened at $6.23 and reached a high of $7.46, with a trading volume of 1,173,834 shares, which is 382.49% of its average daily volume. This surge comes despite a recent downgrade from Stephens, which slashed its price target from $17 to $7. The downgrade mi
ModivCare Inc. is experiencing a notable surge in its stock price today, despite a recent downgrade from Stephens, which reduced its price target from $17 to $7. This downgrade, reported on January 15th, might have been expected to exert downward pressure on the stock. However, the market appears to be reacting positively, possibly due to the stock's significant decline of 52.82% over the past week, as high
Modivcare's stock has taken a significant hit following the company's announcement of raising $105 million in incremental financing and the withdrawal of its financial outlook. The financing, which includes a $75 million term loan and a $30 million commitment from Coliseum Capital Management for new second lien senior notes, is intended to provide liquidity for strategic initiatives. However, the decision t
ModivCare Inc. (MODV) has been a topic of interest on Reddit forums today, with users discussing recent trading activities and market conditions. One user mentioned selling MODV at $11.55, reflecting on the broader market's volatility and the potential for a downturn. The discussion highlighted concerns about the sustainability of recent market rallies, with some users expressing skepticism about the curren
There is no specific news today explaining why ModivCare Inc. (MODV) stock is down. However, the stock has been under pressure from recent events that may still be influencing its performance. On December 16, 2024, it was reported that Charles Schwab Investment Management Inc. reduced its stake in ModivCare by 16.7% during the third quarter, selling 29,579 shares. This move by a significant institutional in
ModivCare Inc. (MODV) saw its stock price tumble by 10.77% to close at $15.90 on December 16, 2024, following a series of events that rattled investor confidence. The stock opened at $17.59, which was also its highest point of the day, before sliding to a low of $15.85. The trading volume was notably low at 177,276 shares, about 59.18% of the average daily volume, indicating a lack of strong buying interest
ModivCare Inc. is experiencing a decline in its stock price today, following the news that Charles Schwab Investment Management Inc. has reduced its stake in the company by 16.7% during the third quarter. This reduction involved selling 29,579 shares, leaving Charles Schwab with 147,434 shares valued at approximately $2.11 million. The move by such a significant institutional investor may have raised concer
ModivCare Inc. (MODV) is experiencing a decline in its stock price today, potentially influenced by technical trading signals. A recent analysis suggested a short position near resistance levels, specifically around $17.84, with a downside target of $14.33. This technical setup may have prompted traders to sell, contributing to the downward pressure on the stock. The analysis also highlighted that any test