Magellan Midstream Holdings, LP’s(MGG) MACD indicator has entered into bearish territory with a reading of -0.0201. The Zacks #5 Rank (“Strong Sell”) stock has decreased more than 1% to $21.68 in afternoon trade. Analysts, on average, see the company’s full-year earnings reducing by 18.3% to $1.14 per share. The most accurate estimate is even bearish at $1.06 per share.
“MGG” Free Stock Analysis: Buy? Sell? Hold?
Zacks Investment Research