Large Inflow of Money Witnessed in Centene Corporation

Centene Corporation (NYSE:CNC) dropped by -0.16 or -0.11 points during the last session to $69.11 per share. One of the highlights of the day was the net money flow figure, which stood at $25.67 million even as the stock accepted $47.85 million in upticks but rejected $22.19 million in downticks. The up/down ratio for the last observation was a 2.16. The 1-week percentage change for the stock price is registered at 3.13%.A block transaction occurred with $28.96 million in upticks and $5.81 million in downticks while the up/down ratio was calculated to be 4.99. The stock witnessed a net inflow of $23.15 million at the end of the block trade.


The stock has recorded a 20-day Moving Average of 6.55% and the 50-Day Moving Average is 11.59%. The company shares have dropped 13.36% in the past 52 Weeks. On July 2, 2015 The shares registered one year high of $83 and one year low was seen on February 9, 2016 at $47.36. The 50-day moving average is $62.26 and the 200 day moving average is recorded at $60.9. S&P 500 has rallied 1.93% during the last 52-weeks.

Centene Corporation (NYSE:CNC): The stock opened at $69.24 on Tuesday but the bulls could not build on the opening and the stock topped out at $69.24 for the day. The stock traded down to $68.31 during the day, due to lack of any buying support eventually closed down at $69.11 with a loss of -0.16% for the day. The stock had closed at $69.22 on the previous day. The total traded volume was 2,023,674 shares.

Currently the company Insiders own 4.5% of Centene Corporation shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -5.1% . Institutional Investors own 93.87% of Centene Corporation shares. During last six month period, the net percent change held by insiders has seen a change of -9.54%. On the companys insider trading activities, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the officer (SVP, Chief Information Officer) of Centene Corp, Brooks Mark J had sold 3,914 shares worth of $254,449 in a transaction dated June 6, 2016. In this transaction, 3,914 shares were sold at $65.01 per share.

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 Childrens 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 Companys specialty companies offering auxiliary healthcare services and products.

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