In trading on Friday, shares of Magellan Health Inc. (Symbol: MGLN) crossed below their 200 day moving average of $59.59, changing hands as low as $53.51 per share. Magellan Health Inc. shares are currently trading down about 9.1% on the day. The chart below shows the one year performance of MGLN shares, versus its 200 day moving average:
Looking at the chart above, MGLN's low point in its 52 week range is $53.505 per share, with $63.81 as the 52 week high point - that compares with a last trade of $57.13.
According to the ETF Finder at ETF Channel, MGLN makes up 1.80% of the SPDR S&PHealth Care Services ETF (Symbol: XHS) which is trading lower by about 1.1% on the day Friday.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.