Is It Time To Review Stock News? Leidos (NYSE:LDOS)

Leidos (NYSE:LDOS) stock identified change of 65.55% away from 52-week low price and recently located move of 0.69% off 52-week high price. It has market worth of $12081.4M and dividend yield of 1.54%. LDOS stock has been recorded 5.43% away from 50 day moving average and 24.97% away from 200 day moving average. Moving closer, we can see that shares have been trading 2.63% off 20-day moving average.

On Aug. 15, 2019, Leidos (NYSE:LDOS) a FORTUNE® 500 science and technology leader, disclosed it has completed the acquisition of IMX Medical Management Services (IMX) and its affiliated businesses.

Headquartered in Malvern, Pa., IMX provides independent medical evaluations, medical record reviews, and medical and vocational case management for insurance carriers, employers, law firms, third party administrators, and state and local government.

Nearly 200 IMX staff members will join QTC Management (QTC) led by QTC President Grant Kim.  QTC is a wholly owned Leidos subsidiary providing more than 3,000 independent medical examinations and medical record reviews per day for key federal customers across all 50 states.

We’re very pleased to welcome IMX to the QTC team, said Kim. Our combined experience, footprint, and commitment to customer service positions us to be the nation’s premier independent medical evaluation company in the commercial market, as we are in the federal space.

Cozen O’Connor P.C. acted as legal advisor to Leidos. Terms of the acquisition were not disclosed.

The Technology sector company, Leidos Holdings noticed change of 1.08% to $83.32 along volume of 1127642 shares in recent session compared to an average volume of 1094.55K. The stock observed return of 4.70% in 5 days trading activity. The stock was at 4.95% over one month performance. LDOS’s shares are at 24.60% for the quarter and driving a 22.15% return over the course of the past year and is now at 58.04% since this point in 2018.

The average volatility for the week at 1.62% and for month was at 1.48%. There are 145M shares outstanding and 143.28M shares are floated in market. Right now the stock beta is 1.54.

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