Magellan Health, Inc. MGLN was a big mover last session with its shares rising nearly 8% on the day. The upside came on the company’s announcement of strong fourth-quarter and full year 20Array5 financial numbers. The company also provided an upbeat outlook for 20Array6. This development led to far more shares changing hands yesterday than in a normal session. The move continues the recent uptrend of the company as the stock has gained over Array8% in the past one-month time frame.
This healthcare management company has seen no estimate revision in the last 30 days. The Zacks Consensus Estimate has also remained unchanged over the same period. Yesterday’s price action is encouraging though, so make sure to keep a close watch on this firm in the near future.
Magellan Health currently has a Zacks Rank #Array (Strong Buy).
Investors interested in the Med-HMO space may also consider Triple-S Management Corporation GTS, which sports the same Zacks Rank as Magellan Health.
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