In a filing, Centene Corp revealed its Officer FASOLA KENNETH J acquired Company’s shares for reported $0.5 million on Mar 21 ’25. In the deal valued at $59.06 per share,8,500 shares were bought.
Then, Greco Thomas bought 17,000 shares, generating $1,015,750 in total proceeds. Upon buying the shares at $59.75, the Director now owns 19,309 shares.
Before that, Dallas H James bought 1,693 shares. Centene Corp shares valued at $99,904 were divested by the Director at a price of $59.01 per share. As a result of the transaction, Dallas H James now holds 1,693 shares, worth roughly $0.1 million.
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 fall -0.32% to $60.04. Over the last five days, the stock has gained 1.94%. Centene Corp shares have fallen nearly -0.89% since the year began. Nevertheless, the stocks have fallen -22.59% over the past one year. While a 52-week high of $80.59 was reached on 02/03/25, a 52-week low of $55.03 was recorded on 02/13/25. SMA at 50 days reached $60.05, while 200 days put it at $65.65.
Levels Of Support And Resistance For CNC Stock
The 24-hour chart illustrates a support level at 59.60, which if violated will result in even more drops to 59.17. On the upside, there is a resistance level at 60.77. A further resistance level may holdings at 61.51. The Relative Strength Index (RSI) on the 14-day chart is 53.63, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.06, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 24.97%. Stochastics %K at 77.23% 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 2025-03-14, growing by 0.13 million shares to a total of 9.91 million shares. Yahoo Finance data shows the prior-month short interest on 2025-02-14 was 9.78 million shares. There was a rise of 1.27%, which implies that there is a positive sentiment for the stock.
