Should You Buy Centene Corp (CNC) Stock on Friday?

Centene Corp (CNC) stock is higher by 1.77% over the past week and gets a Bullish rating from InvestorsObserver 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!

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What is Stock Sentiment?

In investing, sentiment generally means whether or not a given security is in favor with investors. It is typically a pretty short-term metric that relies entirely on technical analysis. That means it doesn’t incorporate anything to do with the health or profitability of the underlying company. 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 has fallen -0.78% while the S&P 500 has risen 0.36% as of 3:20 PM on Friday, Sep 22. CNC is down -$0.54 from the previous closing price of $69.55 on volume of 1,899,543 shares. Over the past year the S&P 500 is higher by 14.66% while CNC is down -14.71%. CNC earned $4.85 a per share in the over the last 12 months, giving it a price-to-earnings ratio of 14.22. To screen for more stocks like 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 22 million medical members as of September 2021, mostly in Medicaid (68% of membership), the individual exchanges (10%), Medicare Advantage (6%), and the balance in 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 Report for Centene Corp stock.