Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Centene Corp shares valued at $501,970 were purchased by FASOLA KENNETH J on Mar 21 ’25. At $59.06 per share, FASOLA KENNETH J acquired 8,500 shares.
Also, Greco Thomas purchased 17,000 shares, netting a total of over 1,015,750 in proceeds. Following the buying of shares at $59.75 each, the insider now holds 19,309 shares.
Before that, Dallas H James had added 1,693 shares to its account. In a trade valued at $99,904, the Director bought Centene Corp shares for $59.01 each. Upon closing the transaction, the insider’s holdings increased to 1,693 shares, worth approximately $0.11 million.
As published in a research note from Jefferies on April 08, 2025, Centene Corp [CNC] has been rated up from an Underperform to a Hold and the price target has been revised to $64. Analysts at Argus downgraded the stock from ‘”a Buy”‘ to ‘”a Hold”‘ outlook in a report released in early February. Earlier on December 13, 2024, UBS upgraded its rating. Their new recommendation was “a Buy” for CNC stock which previously was a “a Neutral”.
Analyzing CNC Stock Performance
During the last five days, there has been a surge of approximately 3.13%. Over the course of the year, Centene Corp shares have jumped approximately 3.38%. Shares of the company reached a 52-week high of $66.81 on 02/03/25 and a 52-week low of $55.17 on 02/13/25. A 50-day SMA is recorded $59.69, while a 200-day SMA reached $65.39.
Support And Resistance Levels for Centene Corp (CNC)
According to the 24-hour chart, there is a support level at 61.04, which, if violated, would cause prices to drop to 59.44. In the upper region, resistance lies at 64.10. The next price resistance is at 65.56. RSI (Relative Strength Index) is 59.15 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 1.24, which suggests the price will increase in the coming days. Percent R is at 44.97%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
