Centene Corporation (CNC) : Traders are bullish on Centene Corporation (CNC) as it has outperformed the S&P 500 by a margin of 2.04% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 5.05%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 5.69% in the last 1 week, and is up 8.93% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
Centene Corporation (NYSE:CNC): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $73.64 and $73.42 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $75.57. The buying momentum continued till the end and the stock did not give up its gains. It closed at $75.39, notching a gain of 3.27% for the day. The total traded volume was 1,747,267 . The stock had closed at $73.00 on the previous day.
The stock has recorded a 20-day Moving Average of 6.48% and the 50-Day Moving Average is 14.01%. Centene Corp. is up 20.91% in the last 3-month period. Year-to-Date the stock performance stands at 14.56%.
Centene Corporation is a healthcare company. The Company provides programs and services to Government sponsored healthcare programs. It offers member-focused services by assisting in accessing care, coordinating referrals to related health and social services, and addressing member concerns and questions. It also provides education and outreach programs to inform and assist members in accessing healthcare services. The Company operates in two segments: Managed Care and Specialty Services. The Managed Care segment provides health plan coverage to individuals through Government subsidized programs, including Medicaid, the State Childrens Health Insurance Program (CHIP), Long Term Care (LTC), Foster Care, dual-eligible individuals (Duals) and the Supplemental Security Income Program, also known as the Aged, Blind or Disabled Program (ABD). The Specialty Services segment consists of the Companys specialty companies offering auxiliary healthcare services and products.