Centene Corporation (CNC) : The total money flow in Centene Corporation (CNC) was negative ($1.29 million), showing the domination of sellers in the Tuesday trading session. The traders utilized every rise to sell their positions, as seen in the value of trading on downtick to the tune of $10.29 million. Transactions on upticks were comparatively lower at $9 million. The uptick to downtick ratio was 0.87. The total block trades on downticks were valued at $0.1 million. The money flow during block trades was negative ($0 million) when the stock traded with a gain of $91 cent. Centene Corporation (CNC) was $68.39, an increase of 1.35% over the previous days close.
Also, Jefferies maintains its rating on Centene Corporation (NYSE:CNC). The global brokerage major lowers the current price target from $89 per share to $82 per share. Analysts at the Jefferies have a current rating of Buy on the shares. The rating by the firm was issued on July 27, 2016.
Centene Corp. has lost 1.54% in the last five trading days and dropped 0.85% in the last 4 weeks. Centene Corp. is up 8.85% in the last 3-month period. Year-to-Date the stock performance stands at 4.62%.
Centene Corporation (NYSE:CNC): During Tuesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $67.31 and $67.20 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $68.86. The buying momentum continued till the end and the stock did not give up its gains. It closed at $68.85, notching a gain of 2.03% for the day. The total traded volume was 1,321,152 . The stock had closed at $67.48 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.