Barry Smith just Sold 13,375 shares of Magellan Health, Inc. (MGLN), be careful if you are long!; KNIGHT THERAPEUTICS COMMON SHARES C (KHTRF) Shorts Lowered By 3.67%

Magellan Health, Inc. (NASDAQ:MGLN) Logo

KNIGHT THERAPEUTICS INC COMMON SHARES C (OTCMKTS:KHTRF) had a decrease of 3.67% in short interest. KHTRF’s SI was 960,100 shares in May as released by FINRA. Its down 3.67% from 996,700 shares previously. With 9,500 avg volume, 101 days are for KNIGHT THERAPEUTICS INC COMMON SHARES C (OTCMKTS:KHTRF)’s short sellers to cover KHTRF’s short positions. The SI to KNIGHT THERAPEUTICS INC COMMON SHARES C’s float is 0.87%. The stock increased 0.39% or $0.02 during the last trading session, reaching $6.24. About shares traded. Knight Therapeutics Inc. (OTCMKTS:KHTRF) has 0.00% since May 3, 2017 and is . It has underperformed by 11.55% the S&P500.

Since January 2, 2018, it had 0 insider buys, and 9 insider sales for $13.89 million activity. On Thursday, February 1 SMITH BARRY M sold $1.33M worth of Magellan Health, Inc. (NASDAQ:MGLN) or 13,375 shares. The insider Kamal Mostafa sold $176,929. $2.27 million worth of Magellan Health, Inc. (NASDAQ:MGLN) was sold by GREGOIRE DANIEL N. Rubin Jonathan N sold 30,086 shares worth $2.89 million.

Magellan Health, Inc. engages in the healthcare management business in the United States. The company has market cap of $2.15 billion. The companyÂ’s Healthcare segment engages in the management of behavioral healthcare services and employee assistance program services; management of other specialty areas, including diagnostic imaging and musculoskeletal management; and the integrated management of physical, behavioral, and pharmaceutical healthcare for special populations comprising individuals with serious mental illness, dual eligibles, long-term services and supports, and other populations with unique and often complex healthcare needs. It has a 19.72 P/E ratio. This segment provides its healthcare services through its comprehensive network of medical and behavioral health professionals, clinics, hospitals, and ancillary service providers.

Among 5 analysts covering Magellan Health (NASDAQ:MGLN), 4 have Buy rating, 1 Sell and 0 Hold. Therefore 80% are positive. Magellan Health has $120.0 highest and $10 lowest target. $69’s average target is -22.43% below currents $88.95 stock price. Magellan Health had 25 analyst reports since July 29, 2015 according to SRatingsIntel. Barclays Capital maintained Magellan Health, Inc. (NASDAQ:MGLN) rating on Wednesday, November 23. Barclays Capital has “Underweight” rating and $69 target. Jefferies maintained Magellan Health, Inc. (NASDAQ:MGLN) rating on Friday, May 20. Jefferies has “Buy” rating and $86 target. Leerink Swann maintained Magellan Health, Inc. (NASDAQ:MGLN) on Friday, June 23 with “Buy” rating. The rating was maintained by Jefferies with “Buy” on Friday, October 13. The stock has “Buy” rating by Jefferies on Friday, December 1. Leerink Swann upgraded the shares of MGLN in report on Thursday, March 15 to “Buy” rating. Jefferies maintained the shares of MGLN in report on Friday, July 28 with “Buy” rating. The firm has “Buy” rating by Leerink Swann given on Friday, April 27. Barclays Capital downgraded Magellan Health, Inc. (NASDAQ:MGLN) on Wednesday, January 6 to “Underweight” rating. The firm has “Buy” rating given on Monday, September 26 by Jefferies.

The stock increased 2.65% or $2.3 during the last trading session, reaching $88.95. About 242,366 shares traded or 27.74% up from the average. Magellan Health, Inc. (NASDAQ:MGLN) has risen 60.27% since May 3, 2017 and is uptrending. It has outperformed by 48.72% the S&P500.

Barry Smith, the Chief Executive Officer of Magellan Health Inc, made a sale of 13,375 shares of the company, with a market value $1,150,576 USD, which is based on a stock price of $86.0 per each share. Barry is trying to silently decrease his company’s share, same as he did in the last 30 days. He sold another 13,375 shares worth $1,384,583 USD. This important trade occurred on May 02, 2018 and was which was filed with the Security Exchange Commission. The legal Form 4 is accessible here. The trade will most probably not remain unseen as it was significant. Currently, he owns a total of 44,230 shares or 0.18% of Magellan Health Inc’s market capitalization.

Magellan Health, Inc. (NASDAQ:MGLN) Institutional Positions Chart