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Stock Charts AI Power Rank: 5.5
Power Rank trend -> Rising
07/26/2024 16:15:00 EST
Centene Corp (CNC)
Industry: Healthcare Plans
Follow @stockchartsai on TwitterPrice Support Resistance
In the past 20 trading days, CNC has been trading in a range between $69.11 and $64.89 (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.
CNC is trading between resistance at $74.86 about 2% to the upside and support at $71.64 -2% to the downside. If it can break above the resistance, it could have some more upside to the next line of resistance at $77.33, about a 6% move. If the price starts to turn down and fails to get through this level or enters a yellow zone, we would consider profit taking or exiting the position. If it enters a red zone on the chart we would exit the position.
Upside / Downside Potential
Centene Corp $CNC entered a Green zone 1 days ago on the AI powered stock chart. Wall Street analysts have an AVG target price $81.56, a potential upside of 11.57% from the recent price of 73.10. The stock is trading 11.38% (potential upside) below its 52 week high of $81.42 and 20.17 % (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.
News
| Centene Beats Estimates, Boosts Guidance on Higher Premiums, Memberships Centene (CNC) shares jumped in intraday trading Friday as the managed care provider reported better-than-expected profit and sales and raised its guidance as its premium and services sales and members increased. Source: Investopedia Fri, 26 Jul 2024 13:50:37 -0400 Sentiment: Positive |
| Centene (CNC) Q2 Earnings Miss on Declining Medicaid Membership Centene's (CNC) second-quarter earnings suffer from rising operating expenses and a decline in Medicaid membership levels. Improved Marketplace membership growth partially offset the negatives. Source: Zacks Investment Research Fri, 26 Jul 2024 13:50:16 -0400 Sentiment: Negative |
| Centene Corporation (CNC) Q2 2024 Earnings Call Transcript Centene Corporation. (NYSE:CNC ) Q2 2024 Earnings Conference Call July 26, 2024 8:30 AM ET Company Participants Jennifer Gilligan - SVP, Finance and Investor Relations Sarah London - Chief Executive Officer Andrew Asher - EVP and Chief Financial Officer Conference Call Participants Stephen Baxter - Wells Fargo Justin Lake - Wolfe Research Josh Raskin - Nefron Research A.J. Source: Seeking Alpha Fri, 26 Jul 2024 11:41:09 -0400 Sentiment: Neutral |
| Centene (CNC) Q2 Earnings: Taking a Look at Key Metrics Versus Estimates The headline numbers for Centene (CNC) give insight into how the company performed in the quarter ended June 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals. Source: Zacks Investment Research Fri, 26 Jul 2024 10:36:20 -0400 Sentiment: Positive |
| Health Insurer Centene's Q2 Premium Revenue Cushions Fall In Medicaid Enrollment, Raises Annual Outlook On Friday, Centene Corporation CNC reported second-quarter sales of $39.84 billion, up 5.9% year-over-year, beating the consensus of $36.46 billion. Source: Benzinga Fri, 26 Jul 2024 09:45:35 -0400 Sentiment: Positive |
Technicals 52 Week Hi: 81.415 52 Week Low: 60.83 Beta: 0.5 50 Day MA: 69.6212 200 Day MA: 73.4472 Earnings / Revenue Trends Qtr Earnings Growth YOY: 0.059 Qtr Revenue Growth YOY: 0.044 Forward PE: 10.3734 Trailing PE: 14.4181