In a filing, Centene Corp revealed 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 $29.39 million.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
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 jump 0.03% to $60.37. Over the last five days, the stock has gained 5.06%. Centene Corp shares have fallen nearly -18.65% since the year began. Nevertheless, the stocks have fallen -18.65% over the past one year. While a 52-week high of $81.42 was reached on 02/26/24, a 52-week low of $57.20 was recorded on 11/18/24. SMA at 50 days reached $66.68, while 200 days put it at $72.17.
Levels Of Support And Resistance For CNC Stock
The 24-hour chart illustrates a support level at 59.90, which if violated will result in even more drops to 59.43. On the upside, there is a resistance level at 60.78. A further resistance level may holdings at 61.19. The Relative Strength Index (RSI) on the 14-day chart is 44.42, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.06, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 58.75%. Stochastics %K at 34.28% indicates the stock is a holding.
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.
