CNC Stock Summary and Trading Ideas (Centene | NYSE:CNC)

Centene is a managed care organization focused on government-sponsored healthcare plans, including Medicaid, Medicare, and the individual exchanges. Centene served 24 million medical members as of September, mostly in Medicaid (about 60% of membership), the individual exchanges (about 20%), and Medicare Advantage (about 5%). The company also serves traditional Medicare users with its Medicare Part D pharmaceutical program and has a military contract.

Centene trades on the NYSE stock market under the symbol CNC.

As of January 30, 2025, CNC stock price climbed to $64.62 with 2,560,365 million shares trading.

CNC has a beta of 0.33, meaning it tends to be less sensitive to market movements. CNC has a correlation of 0.02 to the broad based SPY ETF.

CNC has a market cap of $32.62 billion. This is considered a Large Cap stock.

Last quarter Centene reported $42 billion in Revenue and $1.62 earnings per share. This beat revenue expectation by $4 billion and exceeded earnings estimates by $.24.

In the last 3 years, CNC traded as high as $98.53 and as low as $55.03.

The top ETF exchange traded funds that CNC belongs to (by Net Assets): VTI, VOO, VO, SPY, IVV.

CNC has underperformed the market in the last year with a return of -13.7%, while the SPY ETF gained +24.7%. In the last 3 month period, CNC fell short of the market, returning +4.6%, while SPY returned +4.7%. However, in the most recent 2 weeks CNC has outperformed the stock market by returning +2.8%, while SPY returned +2.3%.

CNC support price is $62.76 and resistance is $65.06 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that CNC shares will trade within this expected range on the day.