Centene Corporation (NYSE:CNC) has risen sharply, recording gains of 4.43% in the past 4 weeks. However, the stock has corrected -0.51% in the past 1 week, providing a good buying opportunity on dips. On a relative basis, the stock has outperformed the S&P 500 by 2.77% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week.
The company shares have dropped -2.84% from its 1 Year high price. On Jul 15, 2015, the shares registered one year high at $75.69 and the one year low was seen on Feb 9, 2016. The 50-Day Moving Average price is $66.46 and the 200 Day Moving Average price is recorded at $61.85.
The stock has recorded a 20-day Moving Average of 3.16% and the 50-Day Moving Average is 10.67%.
Centene Corporation (NYSE:CNC): stock turned positive on Friday. Though the stock opened at $69.3, the bulls momentum made the stock top out at $71 level for the day. The stock recorded a low of $69.16 and closed the trading day at $70.93, in the green by 2.80%. The total traded volume for the day was 1,179,968. The stock had closed at $69 in the previous days trading.
In an insider trading activity, The Securities and Exchange Commission has divulged that Baldwin Kenneth Rone, officer (EVP, Markets) of Centene Corp, had unloaded 6,000 shares at an average price of $71 in a transaction dated on July 1, 2016. The total value of the transaction was worth $426,000.
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.