Stock Movers Molina, Ultragenyx Rise, OceanFirst Falls on M&A announcement
Dec 30, 2025
Molina Healthcare's stock surges after Michael Burry praises its acquisition strategy, highlighting strong financial performance. Ultragenyx rebounds from a record low following a study setback, with analysts optimistic about a future recovery. Meanwhile, OceanFirst's stock dips after announcing an all-stock deal to acquire Flushing Financial, with a significant investment from Warburg Pincus. The discussion also touches on broader M&A trends and the outlook for consolidation in 2026.
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Burry Backs Molina Amid Weak Year
- Michael Burry publicly signaled he's long Molina Healthcare, highlighting the insurer's strong expense ratios and underwriting.
- Norah Mulinda notes the stock remains down ~41% year-to-date despite the endorsement.
Ultragenyx Sees Volatile Rebound Hope
- Ultragenyx rallied ~13% after hitting record lows following a study failure earlier in the week.
- Jefferies sees potential for a 2026 rebound ahead of a late-stage data update, per Norah Mulinda.
OceanFirst Falls On M&A With PE Tie
- OceanFirst plunged as much as 11% after agreeing to buy Flushing Financial in an all-stock deal.
- The transaction includes Warburg Pincus taking a board seat via an investment agreement, which worried investors.