Magellan Health Services Inc. (MGLN) is Trading Lower on Unusual Volume for January 11

Equities Staff |

Magellan Health Services Inc. (MGLN) experienced unusually high volume on Jan. 11, as the stock lost 2.16% to a closing price of $57.11. The stock saw 367,006 shares trade hands over the course of the day on 2,617 trades. Given that the stock’s average daily volume over the last month has been 205,764 shares a day, this represents a pretty substantial spike over the norm.

Magellan Health Services Inc. has a P/B ratio of 1.36. It also has a P/E ratio of 61.4. The stock has traded between $73.00 and $45.40 over the last 52-weeks, its 50-day SMA is now $55.55, and its 200-day SMA $60.84.

Magellan Health Inc provides managed healthcare business. The Company provides services to health plans, insurance companies, employers, labor unions and various governmental agencies.

Headquartered in Scottsdale, AZ, Magellan Health Services Inc. has 6,600 employees and is currently under the leadership of CEO Barry M. Smith / Mostafa Kamal / Sanjeev K. Srivastava.

For a complete fundamental analysis analysis of Magellan Health Services Inc., check out’s Stock Valuation Analysis report for MGLN. To see the latest independent stock recommendations from’s analysts, visit our Research section.


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All data provided by QuoteMedia and was accurate as of 4:30PM ET.

DISCLOSURE: The views and opinions expressed in this article are those of the authors, and do not represent the views of Readers should not consider statements made by the author as formal recommendations and should consult their financial advisor before making any investment decisions. To read our full disclosure, please go to:


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