The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Centene Corp shares valued at $1,015,750 were purchased by Greco Thomas on Dec 18 ’24. At $59.75 per share, Greco Thomas acquired 17,000 shares. The insider’s holdings grew to 19,309 shares worth approximately $1.17 million following the completion of this transaction.
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Also, Dallas H James purchased 1,693 shares, netting a total of over 99,904 in proceeds. Following the buying of shares at $59.01 each, the insider now holds 1,693 shares.
Before that, BLUME JESSICA L. had added 250 shares to its account. In a trade valued at $14,870, the Director bought Centene Corp shares for $59.48 each. Upon closing the transaction, the insider’s holdings increased to 250 shares, worth approximately $15127.5.
Analysts at UBS upgraded the stock from ‘”a Neutral”‘ to ‘”a Buy”‘ outlook in a report released in mid December. As of December 10, 2024, Jefferies has decreased its “Hold” rating to a “an Underperform” for CNC. Earlier on July 24, 2024, Jefferies downgraded its rating. Their new recommendation was “a Hold” for CNC stock which previously was a “a Buy”.
Analyzing CNC Stock Performance
During the last five days, there has been a drop of approximately -0.53%. Over the course of the year, Centene Corp shares have dropped approximately -0.12%. Shares of the company reached a 52-week high of $61.78 on 01/02/25 and a 52-week low of $60.38 on 01/02/25. A 50-day SMA is recorded $60.10, while a 200-day SMA reached $69.74. Nevertheless, trading volume fell to 3.82 million shares from 2.57 million shares the previous day.
Support And Resistance Levels for Centene Corp (CNC)
According to the 24-hour chart, there is a support level at 60.00, which, if violated, would cause prices to drop to 59.49. In the upper region, resistance lies at 61.40. The next price resistance is at 62.29. RSI (Relative Strength Index) is 52.82 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.68, which suggests the price will decrease in the coming days. Percent R is at 28.64%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
