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Stock Market & Financial Investment News

News Breaks
December 31, 2012
10:04 EDTMGLNMagellan falls after announcing loss of key customer
Magellan Health Services (MGLN) is retreating after it announced earlier today in a regulatory filing that it would lose a significant customer, starting in January 2014. Specifically, a health insurer that had used Magellan to manage its behavioral health services has decided not to renew its deal with Magellan. The latter company had obtained about $144.5M in revenue in the nine months ended September 30 from the contract, which expires on December 31, 2013, Magellan stated. In early trading, Magellan sank $2.19, or 4.23%, to $49.56.
News For MGLN From The Last 14 Days
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July 28, 2014
08:17 EDTMGLNMCO sell-off provides buying opportunity, says Leerink
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July 25, 2014
06:44 EDTMGLNMagellan Health sees FY14 adjusted EPS $2.67-$3.32, consensus $2.40
Sees FY14 segment profit $238M-$258M; Sees FY14 cash flow from operations $204M-$226M
06:43 EDTMGLNMagellan Health reports Q2 adjusted EPS 39c, consensus 57c
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