Centene Corporation (CNC) has been under a strong bear grip, hence the stock is down -2.4% when compared to the S&P 500 in the past 4 weeks. However, in the near-term, buying emerged at lower levels and the stock has outperformed the S&P 500 by 0.14% in the past 1 week. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 0.57% in the last 1 week, and is up 0.03% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
Centene Corporation (NYSE:CNC): The stock opened at $71.72 on Friday but the bulls could not build on the opening and the stock topped out at $72.09 for the day. The stock traded down to $70.76 during the day, due to lack of any buying support eventually closed down at $70.95 with a loss of -0.45% for the day. The stock had closed at $71.27 on the previous day. The total traded volume was 983,525 shares.
The stock has recorded a 20-day Moving Average of 0.67% and the 50-Day Moving Average is 3.01%. Centene Corp. is up 18.72% in the last 3-month period. Year-to-Date the stock performance stands at 7.81%.
Centene Corporation (CNC) : Currently there are 12 street experts covering Centene Corporation (CNC) stock. The most bullish and bearish price target for the stock is $93 and $75 respectively for the short term. The average price target of all the analysts comes to $84.25. The estimated standard deviation from the target is $5.75.
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.