Molina Sinks Most Since 2012 After Slashing Profit Expectations

Molina Healthcare Inc.’s shares plunged after the health insurer forecast 2026 profit that was less than half of Wall Street’s expectations, on higher medical costs and insufficient government repayments.

Shares of Molina were down 29% when markets opened Friday, the biggest drop since June 2012, shaving $2.5 billion off of the company’s market value.