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Last Price: 72 - Change: -0.26 - Change %: -0.3598
04/17/2024 16:10:00 EST

Centene Corp (CNC)

Industry: Healthcare Plans

Price Support Resistance

In the past 20 trading days, CNC has been trading in a range between $78.48 and $70.73 (gray range band). Red lines on the chart represent key resistance levels and Green lines represent key support levels. As the price moves above the lines you will notice they turn green and red if price moves below a line.

The AI powered stock chart is in a Red zone currently. We would avoid this stock.

Upside / Downside Potential

Centene Corp $CNC entered a Red zone 12 days ago on the AI powered stock chart. Wall Street analysts have an AVG target price $81.56, a potential upside of 13.28% from the recent price of 72.00. Our AI powered stock target predictor currently has a target price of $29.97 a potential move of -58%. The stock is trading 13.08% (potential upside) below its 52 week high of $81.42 and 18.36 % (potential downside) above its 52 week low of $60.83 - based on the recent price.

Company Summary

Centene Corporation operates as a healthcare enterprise that provides programs and services to under-insured and uninsured families, commercial organizations, and military families in the United States The company operates through Medicaid, Medicare, Commercial, and Other segments. The Medicaid segment offers health plan coverage, including medicaid expansion, aged, blind, disabled, children's health insurance program, foster care, medicare-medicaid plans, long-term services and support.

CNC Website

News

Centene Jumps, Molina Slides With UNH Earnings On Tap
UnitedHealth earnings on Tuesday will offer an update on concerning medical utilization trends. Centene and Molina stocks are moving on Medicaid news.
Source: Investors Business Daily
Mon, 15 Apr 2024 09:34:58 -0400
Sentiment: Neutral
Centene (CNC) Wins Medicaid Contract to Better Serve Michigan
Centene's (CNC) Meridian secures a contract from the Michigan Department of Health and Human Services, which gives it the opportunity to better serve the health needs of the state's Medicaid members.
Source: Zacks Investment Research
Thu, 11 Apr 2024 11:51:03 -0400
Sentiment: Positive
CENTENE SUBSIDIARY MERIDIAN IN MICHIGAN AWARDED MICHIGAN MEDICAID CONTRACTS
ST. LOUIS , April 9, 2024 /PRNewswire/ -- Centene Corporation (NYSE: CNC), a leading healthcare enterprise committed to helping people live healthier lives, announced today that its subsidiary, Meridian in Michigan (Meridian), has been selected by the Michigan Department of Health and Human Services (MDHHS) to continue to serve as a Medicaid health plan for the Comprehensive Health Care Program, which serves nearly 2 million Michiganders statewide. The proposed Medicaid contracts are expected to begin on October 1, 2024, and run through September 30, 2029, with three, one-year optional extensions.
Source: PRNewsWire
Tue, 09 Apr 2024 16:30:00 -0400
Sentiment: Neutral
Mayor's Fund's Eviction-prevention Program Receives $2.8 Million Investment from Bob & Dolores Hope Foundation and Health Net
Join L.A. Care Health Plan prior donation to become top donors to We Are LA program LOS ANGELES , April 8, 2024 /PRNewswire/ -- Recognizing the importance of preventing evictions in overcoming Los Angeles's homelessness crisis, The Bob & Dolores Hope Foundation has donated $1.5 million and Health Net $1.3 million to support the Mayor's Fund for Los Angeles' We Are LA program. We Are LA connects people at risk of eviction to every resource available to them to help them maintain stable housing.
Source: PRNewsWire
Mon, 08 Apr 2024 17:51:00 -0400
Sentiment: Neutral
Here's Why Centene (CNC) is a Strong Value Stock
The Zacks Style Scores offers investors a way to easily find top-rated stocks based on their investing style. Here's why you should take advantage.
Source: Zacks Investment Research
Mon, 08 Apr 2024 10:41:18 -0400
Sentiment: Positive
Instituions Institution %: 98.089
Last QTR Institution change: 19295147

Insiders
Insiders %: 0.295
Insiders Purchases last QTR: 0
Insiders Sales last QTR: 23400
Insiders Net last QTR: -23400

Analyst Ratings
Target Price: 81.56
Overall Rating: 3.9444
Strong Buys (5): 8
Buys (4): 1
Holds (3): 9
Sells (2): 0
Strong Sells (1): 0

Technicals
52 Week Hi: 81.415
52 Week Low: 60.83
Beta: 0.391
50 Day MA: 76.6176
200 Day MA: 71.9092

Earnings / Revenue Trends
Qtr Earnings Growth YOY: -0.316
Qtr Revenue Growth YOY: 0.056
Forward PE: 10.3734
Trailing PE: 14.687

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