Why Centene Shares Are Rising

Comments
Loading...

Shares of healthcare providers and insurers, including Centene Corp CNC are trading higher in sympathy with Anthem, which gained after reporting better-than-expected third-quarter results and raising FY21 guidance.

Anthem reported quarterly earnings of $6.79 per share which beat the analyst consensus estimate of $6.39 by 6.3%. Anthem also reported quarterly sales of $35.50 billion which beat the analyst consensus estimate of $35.30 billion by 1%.

Centene is a managed-care organization focused on government-sponsored healthcare plans, including Medicaid, Medicare and individual exchanges. The company serves 4 million users through the Medicare Part D pharmaceutical program.

Centene has a 52-week high of $75.59 and a 52-week low of $57.16.

Overview Rating:
Good
62.5%
Technicals Analysis
66
0100
Financials Analysis
60
0100
Overview
Market News and Data brought to you by Benzinga APIs

Posted In: