Centene Corporation Climbs to Annual-High Share Price

Shares of Centene Corporation CNC traded at a new 12-month high today of $85.02. So far today approximately 439,000 shares have been exchanged, as compared to an average 30-day volume of 4.5 million shares.

Centene Corporation has a potential upside of 150.5% based on a current price of $84.54 and analysts’ consensus price target of $211.75.

Centene is a managed-care organization focused on government-sponsored healthcare plans, including Medicaid, Medicare, and individual exchanges. After acquiring WellCare in early 2020, 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.

In the past 12 months, Centene Corporation share prices are bracketed by a low of $57.16 and a high of $85.02 and are now at $84.54, 48% above that low price.

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