Centene Corp’s recently made public that its Chief Financial Officer Asher Andrew Lynn acquired Company’s shares for reported $1.0 million on Nov 13 ’24. In the deal valued at $58.14 per share,17,200 shares were bought. As a result of this transaction, Asher Andrew Lynn now holds 486,847 shares worth roughly $27.97 million.
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Then, LONDON SARAH bought 4,117 shares, generating $250,314 in total proceeds. Upon buying the shares at $60.80, the Chief Executive Officer now owns 667,229 shares.
Before that, COUGHLIN CHRISTOPHER J sold 878 shares. Centene Corp shares valued at $67,382 were divested by the Director at a price of $76.75 per share. As a result of the transaction, COUGHLIN CHRISTOPHER J now holds 0 shares, worth roughly $0.0.
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 Friday, Centene Corp [NYSE:CNC] saw its stock fall -2.08% to $57.46. Over the last five days, the stock has lost -4.47%. Centene Corp shares have fallen nearly -22.57% since the year began. Nevertheless, the stocks have fallen -21.53% over the past one year. While a 52-week high of $81.42 was reached on 02/26/24, a 52-week low of $57.56 was recorded on 11/15/24. SMA at 50 days reached $68.06, while 200 days put it at $72.57.
Levels Of Support And Resistance For CNC Stock
The 24-hour chart illustrates a support level at 56.74, which if violated will result in even more drops to 56.02. On the upside, there is a resistance level at 58.69. A further resistance level may holdings at 59.92. The Relative Strength Index (RSI) on the 14-day chart is 31.88, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -3.05, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 97.42%. Stochastics %K at 6.90% 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.
