Centene Corporation (NYSE: CNC) Could Achieve Gains In The Near Future

After Hours

It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. After-hours trades for Centene Corporation (CNC) shows that investor sentiment remained broken, with the stock’s consolidated last price falling by -$2.28, or -2.82%, to $78.63. Volume reached 49,589 shares, with price reaching a high of $78.94 and a low of $78.63. Yahoo Finance discussed the stock recently as it posted Centene’s Texas Subsidiary Announces Successful Reprocurement of Foster Care Contract.


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Stocks Info

Centene Corporation is listed on the NYSE in the Healthcare sector while operating in the Healthcare Plans industry. At the end of the last regular session, the stock closed at $78.94 and fluctuated between $80.61 as its day high and $78.85 as its day low. The current market capitalization of Centene Corporation is $46.04B. A total of 7.03 million shares were traded on the day, compared to an average of 3.25M shares.

Insider Activity

Insider trades are also considered as indicators of how a stock will perform in the future, in addition to stock predictions. During the recent three months, CNC has seen 7 BUY and 10 SELL insider trades, representing the acquisition of 2,903 and the disposition of 35,686 shares. Over the last 12 months, there were 69 BUYs and 77 SELLs from insiders. Insiders purchased 756,673 shares during that period but sold 892,319.

In the most recent transaction, BAGLEY SHANNON sold 9,000 shares of CNC for 92.21 per share on Jul 29. After the transaction, the EVP, Chief Admin. Officer now owns 118,194 company shares. In a previous transaction on Jul 28, Robinson Lori Jean sold 1,200 shares at 92.77 per share. CNC shares that Director owns now total 9,908.

Among the insiders who sold shares, GEPHARDT Richard A disposed of 4,480 shares on Jul 08 at a per-share price of $88.00. This resulted in the Director holding 22,560 shares of CNC after the transaction. In another insider transaction, GEPHARDT Richard A sold 10,220 shares at $84.03 per share on Jun 23. Company shares held by the Director now total 27,040.

Despite rarely being accurate, price targets can exert some form of influence at times, and are often regarded as valuable by markets. According to analysts who have offered 12-month price targets for CNC in the last 3 months, the mean price target is $104.37 with high estimates of $116.00 and low estimates of $88.00. In terms of 52-week highs and lows, CNC has a high of $98.53 and a low of $60.81.

As of this writing, CNC has an earnings estimate of $1.22 per share for the current quarter. EPS was calculated based on a consensus of 8 estimates, with a high estimate of $1.34 per share and a lower estimate of $1.12. The company reported an EPS of $1.77 in the last quarter, which was 2.31% higher than expectations of $1.73.

Balance Sheet Annually/Quarterly

As well as showing the assets and liabilities of the company, the balance sheet also shows the amount invested in equity by investors. Investors can analyze a company’s future prospects by calculating its financial ratios based on this information.

Analysts Opinion

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. Currently, 21 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for CNC is Sell with a score of 4.40. A total of 13 analysts rated the stock as Buy while 2 rated it as Overweight while 6 rated it as Hold. Among the other participants, 0 thought the stock was Underweight and 0 thought it should be Sold.

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