Centene Corporation (CNC) : The total negative money flow of $5.94 million on Thursday indicates selling on strength. The inflow of money on upticks was $6 million, compared to $11.94 million outflow on downticks, which confirms distribution in the stock. The up to down ratio was 0.5. The negative money flow of $6.43 million in block trades reveals that the informed traders sold the stock on every bit of price strength. The traded value of the stock on uptick was $0.84 million in a block trade.The transaction value of block trade on downtick was $7.27 million. The uptick to downtick ratio was 0.12. The price action in the Centene Corporation (CNC) stock suggests that both the bulls and the bears were in equilibrium. The stock traded at $72.45 with a gain of $0.17 , a change of 0.24% over the previous days close. The stock registered 2.14% for the week.
The stock has recorded a 20-day Moving Average of 3.54% and the 50-Day Moving Average is 11.27%. Shares have dropped -3.11% 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 $66.89 and the 200 Day Moving Average price is recorded at $61.84.
Centene Corporation (NYSE:CNC): The stock opened at $72.73 on Thursday but the bulls could not build on the opening and the stock topped out at $72.86 for the day. The stock traded down to $71.43 during the day, due to lack of any buying support eventually closed down at $72.05 with a loss of -0.32% for the day. The stock had closed at $72.28 on the previous day. The total traded volume was 1,190,177 shares.
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.