It is often noticed that investors are way keener about stocks which may have clocked significant gains over a period of several weeks and by that token, it may be a good time to start following the MultiPlan Corporation (NYSE:MPLN) stock.
Trading Data
On Tuesday, MPLN stock fell 1.84% to $4.70 with more than 1.08 million shares, compared to its average volume of 3.67 million shares. The stock moved within a range of $4.6500 – 4.9450 after opening trading at $4.82.
MultiPlan Corporation Announces First Quarter 2022 Earnings Conference Call
The stock has been in the middle of a rollicking rally over the course of the past month and managed to clock gains of as much as 34% during the period. In this situation, it may be a good move from investors to take a look at the latest development with regards to MultiPlan.
Yesterday, the company came into sharp focus once again after it announced that on May 10, 2022 it was going to release its financial results for the first quarter of 2022. In addition to that, the company also announced that it was going to have a conference call regarding the financial results on the same day.
The conference call is going to commence at 8 in the morning Eastern Time. In light of the latest announcement, it remains to be seen if the stock gets more traction among investors or not. It could be a good time to start tracking the MultiPlan stock.
Technical Data
MPLN stock is trading above the 50-Day and 200-Day Moving averages of $4.55 and $4.26 respectively. However, the stock is trading below the 20-Day moving average of $5.15.
