13-May-2024
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PRNewswire (Wed, 8-May 11:28 AM ET)
PRNewswire (Tue, 7-May 8:30 AM ET)
PRNewswire (Thu, 2-May 9:14 AM ET)
CENTENE CORPORATION REPORTS FIRST QUARTER 2024 RESULTS
PRNewswire (Fri, 26-Apr 6:00 AM ET)
Business Wire (Thu, 11-Apr 1:00 PM ET)
CENTENE SUBSIDIARY MERIDIAN IN MICHIGAN AWARDED MICHIGAN MEDICAID CONTRACTS
PRNewswire (Tue, 9-Apr 4:30 PM ET)
PRNewswire (Mon, 8-Apr 5:51 PM ET)
Oklahoma Complete Health Now Serving SoonerSelect Members
PRNewswire (Mon, 1-Apr 8:40 AM ET)
Health Net Federal Services Named Top Contact Center Awardee
PRNewswire (Fri, 29-Mar 4:28 PM ET)
Health Net Collaborates with Canary Health to offer Free Online Caregiver Support Program
PRNewswire (Wed, 27-Mar 8:58 AM ET)
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 June 2023, mostly in Medicaid (67% of membership), the individual exchanges (14%), and Medicare Advantage (6%) plans. The company also serves traditional Medicare users with its Medicare Part D pharmaceutical program.
Centene trades on the NYSE stock market under the symbol CNC.
As of May 13, 2024, CNC stock price declined to $77.15 with 3,306,453 million shares trading.
CNC has a beta of 0.06, meaning it tends to be less sensitive to market movements. CNC has a correlation of 0.00 to the broad based SPY ETF.
CNC has a market cap of $41.17 billion. This is considered a Large Cap stock.
Last quarter Centene reported $40 billion in Revenue and $2.26 earnings per share. This beat revenue expectation by $4 billion and exceeded earnings estimates by $.18.
In the last 3 years, CNC stock traded as high as $98.53 and as low as $59.67.
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 +15.4%, while the SPY ETF gained +27.8%. In the last 3 month period, CNC fell short of the market, returning -0.2%, while SPY returned +4.3%. However, in the most recent 2 weeks CNC has outperformed the stock market by returning +4.3%, while SPY returned +2.5%.
CNC support price is $76.46 and resistance is $79.12 (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 stock will trade within this expected range on the day.