Centene Corporation (CNC)
74.63 USD -2.70 (-3.49%) Volume: 4.02M
Centene Corporation’s stock price stands at USD 74.63, taking a dip by -3.49% this trading session, with a trading volume of 4.02M. Despite the drop, the stock maintains a positive year-to-date (YTD) performance, showing a modest increase of +0.57%.
Latest developments on Centene Corporation
Centene Corp. stock experienced a strong trading day, outperforming its competitors as the company sold $175 million in seven-year notes. This move comes as Centene partners with Cityblock to enhance value-based care, signaling a strategic shift towards innovative healthcare solutions. Investors are closely watching these developments, which could be driving the positive movement in Centene Corp. stock price today.
A look at Centene Corporation Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 4 | |
| Dividend | 1 | |
| Growth | 4 | |
| Resilience | 3 | |
| Momentum | 4 | |
| OVERALL SMART SCORE | 3.2 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Centene Corporation, a multi-line managed care organization, shows strong potential for long-term growth according to the Smartkarma Smart Scores. With high scores in Value, Growth, Resilience, and Momentum, the company is positioned well for success in the future. While its Dividend score is lower, Centene’s focus on providing Medicaid and Medicaid-related programs, as well as specialty services, showcases its commitment to expanding its offerings and reaching a broader market.
Centene Corporation’s overall outlook, as indicated by the Smartkarma Smart Scores, is positive. The company’s strong performance in Value, Growth, Resilience, and Momentum suggests that it is well-equipped to thrive in the long term. Despite a lower score in Dividend, Centene’s diverse health plans in multiple states and specialty services like behavioral health and nurse triage demonstrate its ability to adapt to changing market demands and continue its upward trajectory.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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