Centene Corporation (CNC) Shares are Up 1.42%

Centene Corporation (CNC) has been under a strong bear grip, hence the stock is down -3.16% 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 0.91% in the past 1 week. The stock has risen by 1.42% in the past week indicating that the buyers are active at lower levels, but the stock is down -3.28% in the past 4 weeks.

The stock has recorded a 20-day Moving Average of 1% and the 50-Day Moving Average is 2.28%.The 200 Day SMA reached 8.71%. Centene Corp. is up 2.96% in the last 3-month period. Year-to-Date the stock performance stands at 4.27%.


Centene Corporation (NYSE:CNC): After opening at $67.62, the stock dipped to an intraday low of $67.275 on Friday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $68.68 and the buying power remained strong till the end. The stock closed at $68.62 for the day, a gain of 1.90% for the day session. The total traded volume was 976,518. The stocks close on the previous trading day was $67.34.

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.

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