Centene (CNC) Stock Movement Summary Centene Corporation's stock declined approximately 10% following a Centers for Medicare & Medicaid Services (CMS) proposal for flat Medicare Advantage funding. On January 7, Wells Fargo increased its price target for the company. On January 9, Mizuho also updated its valuation for Centene. A physician survey cited in analyst reports suggested cooling healthcare utilization. In separate company news, Meridian Health Plan of Illinois and the Centene Foundation awarded a $2.2 million grant to the Safer Foundation to purchase and renovate an affordable housing building in Chicago's South Austin neighborhood. The project will create 23 affordable rental units, including units designated for justice-involved individuals, to address homelessness in the area.
Read full analysisCentene (CNC) Stock Movement Summary Centene Corporation's stock declined approximately 10% following a Centers for Medicare & Medicaid Services (CMS) proposal for flat Medicare Advantage funding. On January 7, Wells Fargo increased its price target for the company. On January 9, Mizuho also updated its valuation for Centene. A physician survey cited in analyst reports suggested cooling healthcare utilization. In separate company news, Meridian Health Plan of Illinois and the Centene Foundation awarded a $2.2 million grant to the Safer Foundation to purchase and renovate an affordable housing building in Chicago's South Austin neighborhood. The project will create 23 affordable rental units, including units designated for justice-involved individuals, to address homelessness in the area.
Centene Corporation (CNC) is a publicly traded company in the Healthcare sector.