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 $ 1.1 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 $14215.0.
Argus downgraded its Centene Corp [CNC] rating to a Hold from a a Buy in a research note published recently. UBS also remained covering CNC and has increased its forecast on December 13, 2024 with a “Buy” recommendation from previously “Neutral” rating. Jefferies revised its rating on December 10, 2024. It rated CNC as “an Underperform” which previously was an “a Hold”.
Price Performance Review of CNC
On Friday, Centene Corp [NYSE:CNC] saw its stock jump 0.09% to $56.86. Over the last five days, the stock has lost -3.53%. Centene Corp shares have fallen nearly -6.14% since the year began. Nevertheless, the stocks have fallen -25.87% over the past one year. While a 52-week high of $81.42 was reached on 02/03/25, a 52-week low of $55.03 was recorded on 02/13/25. SMA at 50 days reached $60.83, while 200 days put it at $67.89.
Levels Of Support And Resistance For CNC Stock
The 24-hour chart illustrates a support level at 56.45, which if violated will result in even more drops to 56.04. On the upside, there is a resistance level at 57.30. A further resistance level may holdings at 57.74. The Relative Strength Index (RSI) on the 14-day chart is 32.86, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -3.87, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 85.48%. Stochastics %K at 11.19% 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 2025-01-31, dropping by -1.38 million shares to a total of 6.67 million shares. Yahoo Finance data shows the prior-month short interest on 2024-12-31 was 8.04 million shares. There was a decline of -20.66%, which implies that there is a negative sentiment for the stock.
