Fidelity Magellan (FMAGX)
Fidelity Magellan operates in the Asset Management industry of the Financial Services sector, headquartered in Boston, MA, US. The stock last traded at $15.90, up 0.57% on the session, giving a market capitalisation of $25.99B. Its beta of 1.09 implies it has historically moved more than the broad market.
Fidelity Magellan primarily allocates its capital to equity securities. The fund's geographic scope is broad, encompassing both domestic and international issuers. It maintains a flexible investment approach, seeking opportunities in either growth-oriented or value-oriented stocks, or a blend of both. Investment selections are driven by thorough fundamental analysis, which involves evaluating factors such as a company's financial health, its competitive standing within its industry, and the prevailing market and economic conditions.
Fidelity Magellan is most often compared with the following Financial Services names: