ModivCare Inc., a healthcare services company, has filed for Chapter 11 bankruptcy protection, but its stock surprisingly surged 32% after hours, indicating investor confidence in its restructuring plan.

ModivCare Inc. is facing market challenges and stock volatility, with its stock price plummeting from a 52-week high to a 52-week low, amidst broader market uncertainties in the healthcare sector.

ModivCare Inc. is facing significant challenges and uncertainty after a major downgrade by Barrington Research, raising concerns about its financial sustainability and future prospects.

The global Non-Emergency Medical Transportation (NEMT) market is projected to grow from $10.8 billion in 2025 to $19.9 billion by 2034, potentially benefiting companies like ModivCare Inc.