Large Outflow of Money Witnessed in Magellan Health

Shares of Magellan Health (NASDAQ:MGLN) traded 0.29 points or 0.45% higher at $64.96.The total intraday money flow for the shares came in at a disappointing $(-3.67) million. The total upticks amounted to $0.01 million and the total downticks were approximately $3.67 million, with the up/down ratio of 0. On a different note, the shares have seen -2.71% price change during the week.In a block trade which occurred during the day, the stock had an inflow of $0 million in upticks and an outflow of $3.67 million in downticks. The up/down ratio for the block was found to be 0. The net money flow for the block transaction was $(-3.67) million.

Magellan Health, Inc. has lost 3.46% in the last five trading days and dropped 1.38% in the last 4 weeks. Magellan Health, Inc. has dropped 3.53% during the last 3-month period . Year-to-Date the stock performance stands at 4.54%.

Currently the company Insiders own 3.6% of Magellan Health shares according to the proxy statements. Institutional Investors own 94.16% of Magellan Health shares. During last six month period, the net percent change held by insiders has seen a change of 0.99%. . On the companys insider trading activities, West Jeffrey N, officer (SVP & Controller) of Magellan Health Inc, had purchased 105 shares on January 15, 2016. The total value of the transaction was $5,503. The information was disclosed with the SEC in a Form 4 Filing. The information is based on open market trades at the market prices.Option exercises are not covered.

Magellan Health (NASDAQ:MGLN) witnessed a decline in the market cap on Friday as its shares dropped 0.32% or 0.21 points. After the session commenced at $64.51, the stock reached the higher end at $64.96 while it hit a low of $64.14. With the volume soaring to 252,376 shares, the last trade was called at $64.46. The company has a 52-week high of $73. The company has a market cap of $1,596 million and there are 24,760,539 shares in outstanding. The 52-week low of the share price is $45.4.

Magellan Health, Inc. (Magellan), formerly Magellan Health Services, Inc., is engaged in the healthcare management business. The Company provides services to health plans, managed care organizations (MCOs), employers, labor unions, military and governmental agencies, third party administrators, consultants and brokers. Its business is divided into five segments, which include managed healthcare, specialty solutions and pharmacy management. Two of its segments are in the managed healthcare business. The Managed Healthcare business consists of management of behavioral healthcare services and the management of physical and behavioral healthcare for special populations. The Specialty Solutions business consists of delivery of diagnostic imaging and a variety of other specialty areas. The Pharmacy Management business comprises products and solutions that provide clinical and financial management of drugs paid under medical and pharmacy benefit programs.

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