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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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February 26, 2015
06:37 EDTMGLNMagellan Health raises FY15 adjusted EPS view to $3.33-$3.79 from $3.28-$3.73
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06:34 EDTMGLNMagellan Health reports Q4 adjusted EPS $1.32, may not compare to consensus 49c
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February 23, 2015
19:40 EDTMGLNLeerink healthcare services analyst holds an analyst/industry conference call
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