Large Inflow of Money Detected in Centene Corporation

Centene Corporation (CNC) : Mondays money flow data in Centene Corporation (CNC) suggests that the bulls made the most of the weakness in the stock. The inflow of money into the stock on upticks was $1.8 million, whereas, $0.9 million worth of transactions were done on downticks. The ratio between the two, uptick and downtick stood at 1.99, in favor of the bulls. The total money flow into the stock was $0.89 million clearly indicating that the smart money has been buying into the stock on weakness.

In comparison, the money flow in block deals was $0.89 million. The total value of block trades done on upticks was $0.89 million. Centene Corporation (CNC) fell $0.05 and traded at $70.2, down -0.06% for the day, over previous days close. On a weekly basis, the shares are -1.06% over the previous weeks close.


Shares of Centene Corp. appreciated by 0.95% during the last five trading days but lost 0.52% on a 4-week basis. Centene Corp. is up 24.19% in the last 3-month period. Year-to-Date the stock performance stands at 7.83%.

Centene Corporation (NYSE:CNC): During Mondays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $70.44 and $69.94 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $70.98. The buying momentum continued till the end and the stock did not give up its gains. It closed at $70.96, notching a gain of 1.03% for the day. The total traded volume was 976,493 . The stock had closed at $70.24 on the previous day.

In a related news, The officer (EVP, Markets), of Centene Corp, Baldwin Kenneth Rone had unloaded 6,000 shares at $71 per share in a transaction on July 1, 2016. The total value of transaction was $426,000. The Insider information was revealed by the Securities and Exchange Commission in a Form 4 filing.

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.

Leave a Reply

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.