ModivCare Avoids Default With Last-Minute Deal Lenders Urged [Yahoo! Finance]
ModivCare Inc. (MODV)
Company Research
Source: Yahoo! Finance
to avert a technical debt default after slow payments left it short on cash. It came just in time. Most Read from Bloomberg A group of creditors had asked the company to secure such concessions by the end of September, according to people familiar with the discussions, and their own negotiations to gain protections on debt they provided in June put them in a position to make demands. Still, no one wanted to worsen the crisis at ModivCare. Investors had already fled based on default risks and management's hurried response to the liquidity gap, which involved opening the door to a potential new capital raise. Now, largely thanks to an agreement with banks amending its $325 million revolver on Tuesday, the company has a chance to recover from a month that saw its fortunes turn sharply. Details from the negotiations surrounding ModivCare's amendment may offer a more enduring lesson, demonstrating how lenders have the power to forestall the kind of corporate shenanigans that have s
Show less
Read more
Impact Snapshot
Event Time:
MODV
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
MODV alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
MODV alerts
High impacting ModivCare Inc. news events
Weekly update
A roundup of the hottest topics
MODV
News
- ModivCare Inc.'s (NASDAQ:MODV) Intrinsic Value Is Potentially 98% Above Its Share Price [Yahoo! Finance]Yahoo! Finance
- Blue Wolf Capital Names Anne Bailey as Operating Partner [Yahoo! Finance]Yahoo! Finance
- Non-Emergency Medical Transportation Market Skyrockets to $15,579.98 Million by 2028 Dominated by NEMT Market Leaders - ABC Non-Emergency Medical Transportation, LLC, MTM, Inc. and AMR | The Insight Partners [Yahoo! Finance]Yahoo! Finance
- ModivCare Inc. (NASDAQ: MODV) had its "outperform" rating re-affirmed by analysts at Barrington Research. They now have a $25.00 price target on the stock.MarketBeat
- Implied Volatility Surging for ModivCare (MODV) Stock Options [Yahoo! Finance]Yahoo! Finance
MODV
Earnings
- 11/6/24 - Miss
MODV
Sec Filings
- 12/26/24 - Form 8-K
- 12/18/24 - Form SCHEDULE
- 12/13/24 - Form SC
- MODV's page on the SEC website