Centene Corp.’s recently made public that its Director COUGHLIN CHRISTOPHER J unloaded Company’s shares for reported $67382.0 on May 14 ’24. In the deal valued at $76.75 per share,878 shares were sold. As a result of this transaction, COUGHLIN CHRISTOPHER J now holds 0 shares worth roughly $0.0.
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Then, FASOLA KENNETH J sold 8,000 shares, generating $620,960 in total proceeds. Upon selling the shares at $77.62, the President now owns 300,357 shares.
Before that, Robinson Lori Jean sold 10,000 shares. Centene Corp. shares valued at $774,100 were divested by the Director at a price of $77.41 per share. As a result of the transaction, Robinson Lori Jean now holds 11,455 shares, worth roughly $0.7 million.
Jefferies downgraded its Centene Corp. [CNC] rating to a Hold from a a Buy in a research note published on July 24, 2024; the price target was decreased to $69 from $83. A number of analysts have revised their coverage, including Robert W. Baird’s analysts, who began to cover the stock in late May with a ‘”a Neutral”‘ rating. Stephens also remained covering CNC and has decreased its forecast on March 21, 2024 with a “an Equal-weight” recommendation from previously “an Overweight” rating. Barclays started covering the stock on March 06, 2024. It rated CNC as “an Overweight”.
Price Performance Review of CNC
On Tuesday, Centene Corp. [NYSE:CNC] saw its stock jump 0.10% to $61.06. Over the last five days, the stock has lost -10.84%. Centene Corp. shares have fallen nearly -17.72% since the year began. Nevertheless, the stocks have fallen -15.06% over the past one year. While a 52-week high of $81.42 was reached on 02/26/24, a 52-week low of $60.97 was recorded on 10/22/24. SMA at 50 days reached $73.79, while 200 days put it at $73.92.
Levels Of Support And Resistance For CNC Stock
The 24-hour chart illustrates a support level at 60.69, which if violated will result in even more drops to 60.31. On the upside, there is a resistance level at 61.40. A further resistance level may holdings at 61.73. The Relative Strength Index (RSI) on the 14-day chart is 22.19, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -7.29, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 96.81%. Stochastics %K at 2.12% indicates the stock is a buying.
How much short interest is there in Centene Corp.?
A steep rise in short interest was recorded in Centene Corp. stocks on 2024-09-30, dropping by -2.32 million shares to a total of 7.8 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-30 was 10.12 million shares. There was a decline of -29.77%, which implies that there is a negative sentiment for the stock.
