Centene Corporation (CNC)
Health Care4 articles
Price chart
Why is CNC moving today?
-1.9%CNC is -1.9% today, inside the ordinary range for a session (under 3%). No stories about it reached the feed in the last 24 hours.
What this does not prove. A story on the same day is evidence of timing, not of cause: it explains a move only if it accounts for the size and the direction, and most single-stock moves carry a sector or index component too. Nothing here is a forecast.
Source: Yahoo Finance - quote as of 2 days ago
Centene Corporation (CNC) overview
Centene is a large U.S. managed-care insurer focused on Medicaid and other government plans.
CNC is a member of the S&P 500. It sits in the Health Care sector. That sector covers pharmaceutical, biotech, device and managed-care companies.
Centene Corporation trades on the NYSE under the ticker symbol CNC. The most recent market data puts the share price at about $69.16. That is down 1.91% on the session. At that price the company is worth roughly $34.16B.
Over the past 52 weeks, CNC has traded between $31.63 and $71.21.
Key statistics
Source: Yahoo Finance - quote as of 2 days ago
Informational only, not financial advice. Content is AI-generated and may contain errors. How this works.
Why investors watch CNC
CNC is one of the larger names in the Health Care sector, so investors follow it closely. It tends to move with the rest of the sector. This page sums up each CNC story as it breaks, and tags it bullish, bearish or neutral.
What moves CNC
- Earnings. CNC reports results four times a year. A surprise against the estimate tends to move the stock that day.
- Analyst calls. Upgrades, downgrades and new price targets change what the market expects from CNC.
- Sector news. Health Care stocks often move together, so a rival's news can move CNC too.
Market Mood
Latest CNC news
Dow (DJI) Reaches Record High with 2% Gain Amid Sector Shifts
The Dow Jones Industrial Average (DJI) closed at a record high after a 2% increase, while the S&P 500 (SPY) rose 0.4% with nine out of eleven sectors advancing. The health-care sector saw significant interest as traders bought approximately 5,300 calls in the State Street Health Care Select Sector SPDR ETF (XLV), with $11 million of the $13 million traded linked to calls. Insurers such as Humana and Centene reached new one-year highs, supported by bullish options trading. In contrast, the financial sector's options activity was mixed, reflecting overall caution in that group.
Read More: Dow (DJI) Reaches Record High with 2% Gain Amid Sector Shifts
Tech Impacts Woodworking: Launch of BlastGate.com in 2024
In 2024, BlastGate.com, founded by Chris de Jongh, launched innovative dust collection systems, which reportedly paid for themselves within six months for some clients. SawStop and Altendorf are also enhancing safety in woodworking tools; SawStop's technology can stop a blade in five milliseconds, minimizing injuries. Altendorf's Hand Guard technology, introduced in 2022, uses AI and cameras to prevent accidents. These advancements highlight significant improvements in workshop safety and efficiency, affecting the woodworking industry positively.
Read More: Tech Impacts Woodworking: Launch of BlastGate.com in 2024
Centene (CNC) Upgraded by Cantor Fitzgerald on Margin Outlook
Cantor Fitzgerald has upgraded Centene Corp's (CNC) stock rating due to a positive outlook on the company's profit margins. The upgrade reflects confidence in Centene's operational improvements and financial strategies, although specific figures or projections were not provided in the announcement. This change in rating can impact investor sentiment and potentially lead to increased trading volume for CNC shares. Monitoring this upgrade is essential for understanding market movements related to health insurance stocks.
Read More: Centene (CNC) Upgraded by Cantor Fitzgerald on Margin Outlook
Obamacare Enrollment Declines Amid Rising Costs, Affecting Health Stocks
Enrollment in the Affordable Care Act is sharply declining as escalating costs deter many Americans from participating. This trend has significant implications for health insurance companies, particularly Centene, whose stock has been adversely affected. The decreasing enrollment not only signals a potential weakening of market demand for health insurance but also raises concerns about the financial stability of these companies. As costs continue to rise and enrollment drops, market analysts are closely monitoring the potential long-term impact on the health insurance sector.
Read More: Obamacare Enrollment Declines Amid Rising Costs, Affecting Health StocksMore Health Care stocks
Frequently asked questions
Is Centene Corporation in the S&P 500?
Yes. Centene Corporation trades as CNC and is a member of the S&P 500. The index lists it in the Health Care sector.
What sector is CNC in?
CNC sits in the Health Care sector of the S&P 500.
Where can I find the latest CNC news?
Right here. This page collects recent CNC news and market analysis. Every story gets an AI summary and a bullish, bearish or neutral tag.
What is Centene Corporation's stock price?
CNC last traded at about $69.16. Prices move all through the session, so this is the latest quote rather than a live one.
What is Centene Corporation's market cap?
CNC is worth roughly $34.16B. Market cap is the share price times the number of shares outstanding.