CFO of Magellan Health Services Inc. (NASDAQ:MGLN) Jonathan N. Rubin sold 27,950 shares on July 9, 2013 at an average price of $57.92. The total transaction amount was $1,618,864.
Jonathan Rubin has more than 20 years of experience in managed health care. Before joining Magellan Health Services, he served as various roles in CIGNA Corporation. Rubin graduated from the University of Rochester with bachelor’s degrees in economics and mathematics.
CFO Jonathan N. Rubin and other directors and officers sold shares of MGLN stock. Rubin sold a total of 36,483 shares of MGLN stock in June and July.
Magellan Health Services Inc. reported their 2013 first quarter financial results. The company announced revenues of $821.8 million and net income of $28.1 million.