Overall market sentiment has been high on Centene Corp (CNC) stock lately. CNC receives a Bullish rating from InvestorsObserver Stock Sentiment Indicator.
Centene Corp has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on CNC!
Sentiment is a very short-term indicator that is entirely technical. There is no information about the health of profitability of the underlying company in our sentiment score.
As a technical indicator, news about the stock, or company, such as an earnings release or other event, could move the stock counter to the recent trend.
Sentiment is how investors, or the market, feels about a stock. There are lots of ways to measure sentiment. At the core, sentiment is pretty easy to understand. If a stock is going up, investors must be bullish, while if it is going down, sentiment is bearish.
InvestorsObserver’s Sentiment Indicator looks at price trends over the past week and also considers changes in volume. Increasing volume can mean a trend is getting stronger, while decreasing volume can mean a trend is nearing a conclusion.
For stocks that have options, our system also considers the balance between calls, which are often bets that the price will go up, and puts, which are frequently bets that the price will fall.
What's Happening With CNC Stock Today?
Centene Corp (CNC) stock is trading at $84.71 as of 2:39 PM on Tuesday, Nov 29, a drop of -$0.25, or -0.29% from the previous closing price of $84.96. Volume today is low. So far 1,353,095 shares have traded compared to average volume of 3,479,929 shares. The stock has traded between $83.81 and $85.07 so far today.
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. Centene served 23 million medical members as of September 2022, mostly in Medicaid (70% of membership), the individual exchanges (9%), Medicare Advantage (7%), and the balance in Tricare (West region), correctional facility, and commercial plans. The company also serves 4 million users through the Medicare Part D pharmaceutical program.
Click Here to get the full Stock Report for Centene Corp stock.
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