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Centene Corporation (CNC) operates as a diversified, multi-national healthcare enterprise that provides programs and services to under-insured and uninsured individuals in the United States.
It operates in two segments, Managed Care and Specialty Services.
The Managed Care segment offers Medicaid and Medicaid-related health plan coverage to individuals through government subsidized programs, including Medicaid, the State childrens health insurance program, long-term care, foster care, and dual-eligible individuals, as well as aged, blind, or disabled programs.
The Specialty Services segment provides behavioral healthcare programs; healthcare services to individuals; dental services; in-home health services; life and health management programs; vision network services; pharmacy benefits management services; and telehealth services. This segment also offers pharmacy services for complex diseases, including cystic fibrosis, hemophilia, hepatitis C, infertility, multiple sclerosis, oncology, and rheumatoid arthritis; and care management software that automate the clinical, administrative, and technical components of care management programs. This segment provides its services and products to state programs, healthcare organizations, employer groups, and other commercial organizations.
Its health plans offer primary and specialty physician care, inpatient and outpatient hospital care, emergency and urgent care, behavioral health and substance abuse services, 24-hour nurse advice line, transportation assistance, immunizations, prenatal care, laboratory and x-ray services, prescriptions and limited over-the-counter drugs, therapies, social work services, and care coordination.
The company provides its services through primary and specialty care physicians, hospitals, and ancillary providers.
Shares of this company are heading higher in an upward trading channel. Note the 50-day moving average shown in red. Shares are once again above this average. We expect higher share prices for this stock.
52-Weeks Trading Range: $34.07 to $74.26
Entry Point: $67.45
Stop Loss: $64.08
Target Price: $74.20
CNC reached our target. Closed at $74.90.
