The dollar amounts are too small to signal material non-public information. The CLO's sale may be liquidity-driven (e.g., tax planning, diversification). Monitor for any upcoming earnings or guidance events, but this cluster alone does not warrant a bearish read. The cross-filing amplifiers (cluster-insider-trades + cluster-press-context, etc.) are noted but do not change the standalone assessment given the trivial size.
Price Chart
Executive Summary
Two MOH insiders — the Chief Legal Officer and Chief Accounting Officer — sold a combined $3.43M in open-market sales over a 7-day window. The CLO's $3.31M sale is the dominant transaction, representing ~0.035% of MOH's $9.7B market cap, which is below the 0.1% materiality threshold. The CAO's $115K sale is trivial. Per the academic literature, cluster sales are not predictive of negative returns, and the dollar amounts are immaterial relative to company size.
Key Financial Metrics
Key Facts
- Chief Legal Officer Jeff D. Barlow sold 17,811 shares at $186.12 for $3.31M on 2026-05-11.
- Chief Accounting Officer Maurice Hebert sold 600 shares at $191.55 for $115K on 2026-05-14.
- Total cluster value of $3.43M equals ~0.035% of MOH's $9.7B market cap.
- Both sales are open-market (code S); no 10b5-1 plan designation noted.
- No insider purchases occurred in the cluster window.
Financial Impact
Total insider sales of $3.43M, representing ~0.035% of market cap — well below the 0.1% materiality threshold.
Risk Factors
- Insider sales could precede a negative catalyst, but the small size relative to market cap makes this unlikely.
- If the CLO's sale is part of a broader pattern (e.g., multiple C-suite sales in future filings), the signal would strengthen.
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 SEC document filed with EDGAR.
| Document | Accession Number |
|---|---|
| CLUSTER Data (Synthetic) | cluster-MOH-1778877568060 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Jul 30, 2026 9w ago | Institutional Cluster | $194.70 $198.75 | ▲ +2.08% | ▼ −1.89% | $182.55 (−6.24%) |
Jun 11, 2026 16w ago | Institutional Cluster | $193.20 $232.09 | ▲ +20.13% | ▲ +18.24% | $182.55 (−5.51%) |
Jun 10, 2026 16w ago | 8-K | $193.20 $232.09 | ▲ +20.13% | ▲ +18.24% | $182.55 (−5.51%) |
May 15, 2026 19w ago | Insider Cluster | $184.65 $201.87 | ▲ +9.33% | ▲ +7.14% | $182.55 (−1.13%) |
May 11, 2026 20w ago | 8-K | $184.46 $203.06 | ▲ +10.08% | ▲ +10.39% | $182.55 (−1.03%) |
May 8, 2026 21w ago | 8-K | $185.26 $190.86 | ▲ +3.02% | ▲ +3.00% | $182.55 (−1.46%) |
Apr 22, 2026 23w ago | 8-K | $172.71 $182.24 | ▼ −5.52% | ▼ −0.88% | $182.55 (−5.70%) |
Mar 23, 2026 27w ago | DEFA14A | $141.34 $152.92 | ▲ +8.19% | ▼ −0.71% | $182.55 (+29.16%) |
Feb 28, 2026 30w ago | Institutional Cluster | $152.21 $130.84 | ▼ −14.04% | ▼ −6.10% | $182.55 (+19.94%) |
US Market Status
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