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Centene Corp (CNC) Stock: What Does the Chart Say Thursday?

Thursday, April 15, 2021 01:50 PM | InvestorsObserver Analysts

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Centene Corp (CNC) Stock: What Does the Chart Say Thursday?

Centene Corp (CNC) stock is up 4.19% over the past week and gets a Neutral rating from InvestorsObserver's Sentiment Indicator.

Sentiment Score - ,neutral
Centene Corp has a Neutral sentiment reading. Find out what this means for you and get the rest of the rankings on CNC!

What is Stock Sentiment?

Sentiment uses short term technical analysis to gauge whether a stock is desired by investors. As a technical indicator, it focuses on recent trends as opposed to the long term health of the underlying company. Updates for the company such as a earnings release can move the stock away from current trends.

Recent trends are a good indicator of current market sentiments. In its most basic form, stocks that are trending up are desirable by investors while stocks currently falling must be unattractive.

InvestorsObserver's Sentimental Indicator tracks both changes in price and volume to analyze the most recent trends. Typically an increase in volume indicates ongoing trends are getting stronger, while a decrease in volume usually signals an end to the current trend.

Available options can also represent current sentiments for a given stock. Since investors are able to bet on future trends of stocks using options, we consider the ratio of calls to puts when analyzing market sentiments .

What's Happening With CNC Stock Today?

Centene Corp (CNC) stock is trading at $64.12 as of 1:47 PM on Thursday, Apr 15, a gain of $1.56, or 2.49% from the previous closing price of $62.56. The stock has traded between $62.49 and $64.47 so far today. Volume today is light. So far 2,143,819 shares have traded compared to average volume of 3,188,053 shares.

To see InvestorsObserver's Sentiment Score for Centene Corp click here.

More About Centene Corp

Centene is a managed-care organization focused on government-sponsored healthcare plans, including Medicaid, Medicare, and the individual exchanges. After acquiring WellCare in early 2020, Centene now serves 21 million medical members, mostly in Medicaid (14 million), Medicare Advantage (1 million total), the individual exchanges (2 million), and other plans (4 million), including Tricare (West region), correctional facility, and international plans. The company also serves 4 million users through the Medicare Part D pharmaceutical program.

Click Here to get the full Stock Score Report on Centene Corp (CNC) Stock.

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