Centene Corporation
CNCCentene Corporation (CNC) is a multinational healthcare enterprise that primarily provides managed care services to government-sponsored health programs, such as Medicaid, Medicare, and the Health Insurance Marketplace. Founded in 1984, the company offers a broad range of healthcare solutions focused on underserved populations, including specialty services, dental, vision, and behavioral health. Centene operates across multiple states in the U.S., emphasizing integrated, community-based healthcare delivery.
Company News
Centene Corporation is launching a voluntary separation program to reduce workforce costs amid significant membership declines. The health insurer experienced a 2 million member drop in its ACA marketplace business following the expiration of pandemic-era federal subsidies. Total membership fell from 27.9 million to 26.27 million year-over-year, ...
Ten large-cap stocks delivered strong performance during the week of April 27-May 1, driven by earnings beats and strategic announcements. Notable gainers include Atlassian (28.76%), Centene (25.68%), Twilio (27.36%), and Nokia (24.3%), with gains fueled by better-than-expected quarterly results, raised guidance, and analyst upgrades. Other top p...
The Centers for Medicare & Medicaid Services announced a 2.48% increase in 2027 Medicare Advantage capitation rates, exceeding initial expectations of 0.09%. The boost amounts to over $13 billion in additional payments and reflects a 4.98% increase when accounting for risk score trends. CMS retained the 2024 risk adjustment model, providing great...
Ten large-cap stocks experienced significant declines during the week of March 9-13, 2026. Fair Isaac Corporation led losses with a 21.59% drop following a $1 billion senior notes offering announcement. Other major decliners included Centene (20.85%), Ulta Beauty (16.04%), Paramount Skydance (15.4%), and Thomson Reuters (13.97%). Declines were at...
U.S. stocks rallied Tuesday as crude oil plummeted 10% to $85/barrel following President Trump's signals that the Iran conflict may be ending soon and his commitment to keep the Strait of Hormuz safe. The S&P 500 rose 0.3%, Dow gained 0.4%, and Nasdaq 100 advanced 0.5%, while the VIX dropped 9.3% signaling reduced market fear.
