Centene Corp (CNC) Files Form 4 Insider Selling : Richard A Gephardt Sells 15,910 Shares

Centene Corp (CNC): Richard A Gephardt , director of Centene Corp sold 15,910 shares on Jun 28, 2016. The Insider selling transaction was reported by the company on Jun 30, 2016 to the Securities and Exchange Commission. The shares were sold at $69.01 per share for a total value of $1,096,058.25 , 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 27, 2016, Keith H Williamson (EVP, Secr. & General Counsel) sold 4,000 shares at $70.00 per share price.On Jun 8, 2016, Mark J Brooks (SVP, Chief Information Officer) sold 3,914 shares at $65.01 per share price.Also, On May 2, 2016, Jesse N Hunter (EVP, Products) sold 10,000 shares at $65.17 per share price.On Apr 4, 2016, Kenneth Rone Baldwin (EVP, Markets) sold 6,000 shares at $60.87 per share price.

Centene Corp: On Wednesday, Jun 29, 2016 heightened volatility was witnessed in Centene Corp which led to swings in the share price. The shares opened for trading at $69.3 and hit $70.8 on the upside , eventually ending the session at $70.66, with a gain of 4.20% or 2.85 points. The heightened volatility saw the trading volume jump to 19,95,374 shares. The 52-week high of the share price is $83 and the company has a market cap of $12,046 M . The 52-week low of the share price is at $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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