Centene Corp (CNC) Files Form 4 Insider Selling : Jesse N Hunter Sells 10,000 Shares

Centene Corp (CNC): Jesse N Hunter , EVP, Products of Centene Corp sold 10,000 shares on Apr 28, 2016. The Insider selling transaction was reported by the company on May 2, 2016 to the Securities and Exchange Commission. The shares were sold at $65.17 per share for a total value of $651,700.00 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on Apr 4, 2016, Kenneth Rone Baldwin (EVP, Markets) sold 6,000 shares at $60.87 per share price.On Mar 24, 2016, Carol Goldman (Exec VP Chief Admin Officer) sold 15,000 shares at $62.96 per share price.Also, On Jan 5, 2016, Jesse N Hunter (EVP, Chief Bus. Dev. Officer) sold 7,500 shares at $65.00 per share price.On Dec 23, 2015, Jeffrey A. Schwaneke (SVP, Corp. Controller & CAO) sold 2,000 shares at $65.09 per share price.

Shares of Centene Corp (CNC) ended Wednesday, Apr 27, 2016 session in red amid volatile trading. The shares closed down -1.21 points or -1.81% at $65.5 with 32,36,211 shares getting traded. Post opening the session at $66.47, the shares hit an intraday low of $64.79 and an intraday high of $66.5 and the price vacillated in this range throughout the day. The company has a market cap of $7,968 M and the number of outstanding shares has been calculated to be 12,16,54,923 shares. The 52-week high of Centene Corp is $83 and the 52-week low is $47.36.

Centene Corp Money Flow Index Chart

Company has been under the radar of several Street Analysts.Centene Corp is Reiterated by Barclays to Equal Weight while Lowering the Price Target of the company shares to $ 64 from a previous price target of $72 . The Rating was issued on Feb 10, 2016.

Centene Corporation is a healthcare company. The Company provides programs and services to Government sponsored healthcare programs. It offers member-focused services by assisting in accessing care coordinating referrals to related health and social services and addressing member concerns and questions. It also provides education and outreach programs to inform and assist members in accessing healthcare services. The Company operates in two segments: Managed Care and Specialty Services. The Managed Care segment provides health plan coverage to individuals through Government subsidized programs including Medicaid the State Children’s Health Insurance Program (CHIP) Long Term Care (LTC) Foster Care dual-eligible individuals (Duals) and the Supplemental Security Income Program also known as the Aged Blind or Disabled Program (ABD). The Specialty Services segment consists of the Company’s specialty companies offering auxiliary healthcare services and products.

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