Centene Corp’s recently made public that its Director Greco Thomas acquired Company’s shares for reported $1.02 million on Dec 18 ’24. In the deal valued at $59.75 per share,17,000 shares were bought. As a result of this transaction, Greco Thomas now holds 19,309 shares worth roughly $1.2 million.
Then, Dallas H James bought 1,693 shares, generating $99,904 in total proceeds. Upon buying the shares at $59.01, the Director now owns 1,693 shares.
Before that, BLUME JESSICA L. bought 250 shares. Centene Corp shares valued at $14,870 were divested by the Director at a price of $59.48 per share. As a result of the transaction, BLUME JESSICA L. now holds 250 shares, worth roughly $15562.5.
A number of analysts have revised their coverage, including UBS’s analysts, who increased its forecast for the stock in mid December from “a Neutral” to “a Buy”. Jefferies also remained covering CNC and has decreased its forecast on December 10, 2024 with a “an Underperform” recommendation from previously “Hold” rating. Jefferies revised its rating on July 24, 2024. It rated CNC as “a Hold” which previously was an “a Buy”.
Price Performance Review of CNC
On Friday, Centene Corp [NYSE:CNC] saw its stock fall -0.99% to $62.25. Over the last five days, the stock has gained 0.68%. Centene Corp shares have risen nearly 2.76% since the year began. Nevertheless, the stocks have fallen -20.19% over the past one year. While a 52-week high of $81.42 was reached on 01/14/25, a 52-week low of $55.03 was recorded on 01/03/25. SMA at 50 days reached $60.24, while 200 days put it at $69.01.
Levels Of Support And Resistance For CNC Stock
The 24-hour chart illustrates a support level at 61.84, which if violated will result in even more drops to 61.42. On the upside, there is a resistance level at 62.90. A further resistance level may holdings at 63.54. The Relative Strength Index (RSI) on the 14-day chart is 54.43, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.67, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 42.53%. Stochastics %K at 69.12% 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 2024-12-31, dropping by -8.27 million shares to a total of 8.04 million shares. Yahoo Finance data shows the prior-month short interest on 2024-11-29 was 16.31 million shares. There was a decline of -102.86%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on May 30, 2024 when Robert W. Baird began covering the stock and recommended ‘”a Neutral”‘ rating along with a $83 price target.
