In a filing, Centene Corp revealed its Chief Executive Officer LONDON SARAH acquired Company’s shares for reported $0.25 million on Nov 08 ’24. In the deal valued at $60.80 per share,4,117 shares were bought. As a result of this transaction, LONDON SARAH now holds 667,229 shares worth roughly $39.1 million.
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Then, COUGHLIN CHRISTOPHER J sold 878 shares, generating $67,382 in total proceeds. Upon selling the shares at $76.75, the Director now owns 0 shares.
Before that, FASOLA KENNETH J sold 8,000 shares. Centene Corp shares valued at $620,960 were divested by the President at a price of $77.62 per share. As a result of the transaction, FASOLA KENNETH J now holds 300,357 shares, worth roughly $17.6 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 fall -3.54% to $58.60. Over the last five days, the stock has lost -9.57%. Centene Corp shares have fallen nearly -21.03% since the year began. Nevertheless, the stocks have fallen -18.46% over the past one year. While a 52-week high of $81.42 was reached on 02/26/24, a 52-week low of $59.77 was recorded on 11/12/24. SMA at 50 days reached $68.91, while 200 days put it at $72.83.
Levels Of Support And Resistance For CNC Stock
The 24-hour chart illustrates a support level at 57.69, which if violated will result in even more drops to 56.78. On the upside, there is a resistance level at 60.38. A further resistance level may holdings at 62.16. The Relative Strength Index (RSI) on the 14-day chart is 32.82, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -2.23, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 99.65%. Stochastics %K at 4.50% 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 2024-10-31, growing by 6.63 million shares to a total of 14.44 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 7.8 million shares. There was a rise of 45.96%, which implies that there is a positive sentiment for the stock.
