Home Insider News Insider Alert: Centene Corporation 's EVP, COO, Burkhalter Brandy, Makes A $536,000...

Insider Alert: Centene Corporation [CNC]’s EVP, COO, Burkhalter Brandy, Makes A $536,000 Sell

On Jan. 06, Burkhalter Brandy divested U.S. $536,000 in shares of Centene Corporation. The EVP, COO sold 8,000 shares at a price per share of $67.00. The transaction decreased this specific insider’s holdings to 379,399 shares worth around $25.88 million at present.

Stephens took its Centene Corporation [CNC] rating to the equivalent of an Equal-weight from an Overweight,in a research note dated September 22, 2020. Other analysts also revised their coverage, with Stephens’s analysts downgrading the shares from “an Overweight” rating to “an Equal-weight” rating in a research note to investors issued in late September. Meanwhile, SVB Leerink had launched its coverage on CNC with “an Outperform”, in a research note produced for clients July 01, 2020. In addition, there was an upgrade from JP Morgan on February 05, 2020. The rater changed CNC from “a Neutral” to “an Overweight”.

5 Stocks Under $10 That Are Poised to Take Off

Investing in stocks under $10 could significantly increase the returns on your portfolio, especially if you pick the right stocks! Within this report you will find 5 top stocks that offer investors huge upside potential and the best bang for their buck.

Add them to your watchlist before they take off!

Get the Top 5 Stocks Now!


Get the hottest stocks to trade every day before the market opens 100% free. Click here now. 

Is Centene Corporation [NYSE:CNC] a Good Buy Right Now?

It should be noted that CNC technical indicators for short, intermediate as well as long term progress have placed an overall average of 24% as Buy. The average signal changed from 56% Sell in the last week and compares with 80% Buy in the past month. Data from Centene Corporation’s Trend Spotter indicated that the signals were Strengthening. The stock current average is 4.47 million shares in the past 20 days and the short term average signal indicates a 50% Sell. In the last 50 days, the average trading volume was 4.13 million shares while the medium term average advocated for 50% Buy. The average long-term signal stands at 50% Buy and the 100-day average volume stands at 3.69 million shares.

CNC Price Performance

On Wall Street, Centene Corporation [NYSE:CNC] finished Friday’s session down -2.21% at $68.21. The stock went up to $70.2599 at the same session while its lowest single day price was $67.56. In the last five days, it saw a rise of about 13.63%, Centene Corporation shares gained by almost 13.63% since the beginning of the year. However, the share price has dropped to as low as -8.69% below its one year high. On 01/08/21, the company shares recorded $70.26, the highest single-day price it has got to in the last 52-weeks and a 52-week low was seen on 01/04/21, the same year at $59.91. The company’s shares have inclined by 6.31% in the past year. The 50-day SMA achieved is $63.36 while the 200-day SMA is $63.51. Volume dropped to 3.68 million from 4.31 million in the previous session.

Centene Corporation [CNC] Valuation Measures

Notably, Centene Corporation [CNC] stock cannot be classified as a good candidate in the listing of underestimated low-priced Healthcare Plans companies to purchase soonest possible with the prevailing 12-month PE ratio of 18.96. The measure means the stock is exchanging at a premium as compared to the 18.93x trailing earnings of the industry. It can be helpful for investors to consider historical price-sales ratio, more specifically, a 0.40 PS value ratio is reported for the last one year of reported earnings. That is lower than the industry average of 0.80 which means CNC serve an unattractive investment opportunity compared to its competitors.

CNC Stock Support And Resistance Levels

On the 24-hour scale, the immediate backing is perceived around 67.09 level, and in case of violation of this particular level, it will cause more drop to 65.98 level. On the upper level, 71.38 is still the key resistance. The stock may increase to the subsequent resistance at 69.79. The Relative Strength Index (RSI) pinned on the 14-day chart is 64.79, implying a neutral technical stance while the MACD stands at 7.10, meaning price will increase in the next trading period. Percent R indicator moved to 16.14%, implying bullish price movement. Stochastic %K at 93.44% suggest selling the stock.

What is the short interest in Centene Corporation?

Short interest in the Centene Corporation stock has surged, increasing by 1.15 million shares to total 9.23 million shares on Dec 14, 2020. The interest had seen shares on Nov 12, 2020 stand at 10.38 million, data from Yahoo Finance shows. The decrease of -12.46% suggests the stock saw some decreased bullish sentiment. The stock’s days to cover (short ratio) moved to while the shorted shares account for just 1.80% of the overall float for the stock.

Centene Corporation’s Biggest Shareholders: Who Owns Centene Corporation [CNC]?

Filings by The Vanguard Group, Inc. showed that the firm now holds a total of 59,959,433 shares or roughly 10.34% of the outstanding CNC shares. This means their shares have reduced by -1,303,664 from the 59,959,433 the investor reportedly held in its prior 13-F filing. With the conclusion of the sale, T. Rowe Price Associates, Inc. updated stake is worth $2,481,548,130. Details in the latest 13F filings reveal that Capital Research & Management Co disposed off their -3.64% stake valued at $2,388,377,533 while Fidelity Management & Research Co cut theirs at $1,844,140,334. During the last quarter, Capital Research & Management Co liquidated -1,462,324 of its shares in Centene Corporation while Fidelity Management & Research Co sold -3,496,968 shares. The BlackRock Fund Advisors’s holdings currently number 26,084,237 shares at $1779205805.77. According to the firm’s last 13F report, SSgA Funds Management, Inc. shares in the company at filing stood at 25,325,355 shares, roughly $1,561,308,136.

CNC Earnings Forecast For The Current Quarter

Centene Corporation [CNC] is expected to report weak earnings results for the quarter ending on Dec 2020. Consensus estimates give the company expected revenues of $28.38B and an earnings per share of $0.47 for Dec 2020. Looking further ahead, the company is expected to report revenue of $29.06B at an EPS of $1.6 for Mar 2021. The estimates represent upside of 4.00% and 5.63% in the company’s revenue and earnings per share, respectively, on a year-on-year basis.

CNC Earnings Estimates For The Current Year

For the financial year, Centene Corporation [NYSE:CNC] is expected to bring in revenue of $111.18B. The returns are nearly $36.54 billion higher than the company’s actual revenue recorded in the fiscal year 2019. In terms of EPS for the 2020, estimate put it at 4.99, higher than that of FY19 by $0.57. Estimates put this year’s earnings growth at 12.90%, 5.60% for the next, and at an annual 10.87% over the next 5-year period. As for sales, forecasts are for an increase of 49.00% in the current fiscal year and a further 4.00% over the following year.

Get the hottest stocks to trade every day before the market opens 100% free. Click here now. 

What are analyst thoughts on Centene Corporation?

Looking forward to the Centene Corporation share price prediction, we can see that analysts, surveyed by FactSet, offer the mean price target for Centene Corporation stock at $80.00 within the next 12 months, which represents almost 14.74 per cent growth from its previous closing price of $68.21. The highest analysts’ target for Centene Corporation stock projections is $102.00 and the lowest one is $69.00. Still, 18 analysts sharing their consensus rating for CNC stock in 2021 agree that it is a Buy.

Get The Best Stocks To Trade Every Day!

Join now to get the NewsHeater.com pre-market morning brief 100% free

Must Read

Tyme Technologies, Inc. (TYME) Stock Trends downwards Following Strong Q4 2021 Financials and Progress in OASIS Trial

Tyme Technologies, Inc. (TYME) stock prices was down by -6.92% shortly after market trading commenced on June 11th, 2021, bringing the price per share...

Prophase Labs Inc. (PRPH) stock surged during pre-market trading session. Let’s figure out why?

Prophase Labs Inc. (NASDAQ: PRPH) stock soared by 5.87% at last close as well as the PRPH stock price has been observed rising by...

Why Surgalign Holdings, Inc. (SRGA) stock is gloomy today?

Surgalign Holdings, Inc. (SRGA) stock announced the $50 million registered direct offering priced at the market under Nasdaq rules today on June 10, 2021,...

Exela Technologies Inc. (XELA) stock soars during pre-market. Here’s what you should know?

Exela Technologies Inc. (NASDAQ: XELA) stock gained by 8.28% at last close while the XELA stock price rises in the pre-market as well, by...

Atossa Therapeutics, Inc. (ATOS) stock gains during pre-market trading. Here’s to know why?

Atossa Therapeutics, Inc. (NASDAQ: ATOS) stock declined by 27.51% at the last close while the ATOS stock price rises further by 9.09% in the...

Magnachip Semiconductor Corporation (MX) stock is Popping High today: Why is it so?

Shares of the Magnachip Semiconductor Corporation (MX) stock were popping high after the announcement of its receival of unsolicited buyout bid from Cornucopia Investment...

Why is Autolus Therapeutics plc (AUTL) stock rising today?

Shares of  Autolus Therapeutics plc (AUTL) stock were rising today on June 11, 2021, following the release of the presentation data related to obe-cel...

Mustang Bio, Inc. (MBIO) stock is climbing today: Here is to know why.

Mustang Bio, Inc. (MBIO) stock announced the updated interim data from Phase 1/2 clinical trial of its MB-106 CD20-targeted, autologous CAR T today on...

Related News

The Aqua Metals (AQMS) Stock Is An Pre-Market Upsurge of 13% For What Reason?

The metal recycling firm Aqua Metals, Inc. (NASDAQ: AQMS) is on an uptick today in premarket session. As of 09:08 a.m. EST, the stock...

Insider Selling Report: Nu Skin Enterprises Inc. [NUS]’s Pres, Napierski Ryan S, Sells 4,844 Shares

On Jan. 07, Napierski Ryan S divested U.S. $286,038 in shares of Nu Skin Enterprises Inc.. The Pres sold 4,844 shares at a price...

Insider Alert: Harmonic Inc. [HLIT]’s SVP, Video R, D, Haltmayer Neven, Makes A $117,240 Sell

On Jan. 06, Haltmayer Neven divested U.S. $117,240 in shares of Harmonic Inc.. The SVP, Video R, D sold 15,632 shares at a price...

ACM Research Inc. [ACMR] Sees 2,000 Share Insider Sell From Dir Liu Tracy

On Jan. 06, Liu Tracy divested U.S. $200,000 in shares of ACM Research Inc.. The Dir sold 2,000 shares at a price per share...

Insider Selling: MasTec Inc. [MTZ] CFO Sells 30,027 Shares Worth $2,404,436

On Jan. 07, Pita George divested U.S. $2,404,436 in shares of MasTec Inc.. The CFO sold 30,027 shares at a price per share of...


Please enter your comment!
Please enter your name here

Get The Best Stocks To Trade Every Day!

Join now to get the NewsHeater.com pre-market morning brief 100% free

Get The Best Stocks To Trade Every Day!

Join now to get the NewsHeater.com pre-market morning brief 100% free

We do not sell or share your information with anyone.

Get Notified Of Insider Trades, Analyst Upgrades & Downgrades, Earnings Updates & Best Stocks To Trade Every Single Morning

100% free. stop anytime no spam