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Magellan Health (MGLN) in Focus: Stock Moves 5.7% Higher

Zacks

Magellan Health, Inc. MGLN was a big mover last session, as the company saw its shares rise nearly 6% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This stock, which remained volatile and traded within the range of $81.10–$84.65 in the past one-month time frame, witnessed a sharp increase on Friday.

The move came after the company announced optimistic guidance for 2018.

The company has seen one positive estimate revision in the past few weeks, while its Zacks Consensus Estimate for the current quarter has also moved higher over the past few months, suggesting that more solid trading could be ahead for Magellan Health. So make sure to keep an eye on this stock going forward to see if this recent jump can turn into more strength down the road.

Magellan Health currently has a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.


Investors interested in the Medical – HMOs industry may consider WellCare Health Plans, Inc. WCG, which has a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

Is MGLN going up? Or down? Predict to see what others think:Up or Down

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