Centene Corp (CNC) Files Form 4 Insider Selling : Kenneth Rone Baldwin Sells 6,000 Shares

Centene Corp (CNC): Kenneth Rone Baldwin , EVP, Markets of Centene Corp sold 6,000 shares on Jul 1, 2016. The Insider selling transaction was reported by the company on Jul 5, 2016 to the Securities and Exchange Commission. The shares were sold at $71.00 per share for a total value of $426,000.00 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on Jun 30, 2016, Richard A Gephardt (director) sold 15,910 shares at $69.01 per share price.On Jun 27, 2016, Keith H Williamson (EVP, Secr. & General Counsel) sold 4,000 shares at $70.00 per share price.Also, On Jun 8, 2016, Mark J Brooks (SVP, Chief Information Officer) sold 3,914 shares at $65.01 per share price.On May 2, 2016, Jesse N Hunter (EVP, Products) sold 10,000 shares at $65.17 per share price.

Shares of Centene Corp (CNC) ended Friday, Jul 1, 2016 session in red amid volatile trading. The shares closed down -0.08 points or -0.11% at $71.29 with 16,08,501 shares getting traded. Post opening the session at $71, the shares hit an intraday low of $70.27 and an intraday high of $71.49 and the price vacillated in this range throughout the day. The company has a market cap of $12,153 M and the number of outstanding shares has been calculated to be 17,04,73,020 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 Upgraded by Morgan Stanley to Overweight. Earlier the firm had a rating of Equal-Weight on the company shares. The Rating was issued on Jun 29, 2016.Centene Corp is Upgraded by Barclays to Overweight and the brokerage firm has raised the Price Target to $ 82 from a previous price target of $76 .Earlier the firm had a rating of Equal Weight on the company shares. The Rating was issued on Jun 20, 2016.Centene Corp is Initiated by Bernstein to Mkt Perform. The Rating was issued on Jun 16, 2016.Centene Corp is Upgraded by Stifel to Buy and the brokerage firm has set the Price Target at $75. Earlier the firm had a rating of Hold on the company shares. The Rating was issued on May 26, 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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