Centene Corporation (CNC) faces turbulent times as the company is currently involved in a
legal battle while bearing downgraded ratings from
Bank of America and
Morgan Stanley. Several law firms including The Gross Law Firm, Levi & Korsinsky, and Robbins LLP have urged investors with significant losses to join a
class-action lawsuit against the company. Amidst the turmoil, there arises an opportunity for investors to buy after a drastic sell-off. Despite warnings of a lower Q2 earnings, CNC has made some strategic moves with new appointments to its Board of Directors and executive positions. More so, its subsidiary Arizona Complete Health was awarded a crucial long-term care Medicaid Contract. CNC also showed its commitment to social responsibility by announcing a partnership with McCormack Baron Salazar to provide affordable housing. However, amidst these initiatives, the company's
stock touched a 52-week low at $29.49 due to a challenging economic climate. This happened even as Centene agreed to pay a record $88.3 million to settle an Ohio PBM Case.
Centene Corporation CNC News Analytics from Mon, 14 Jun 2021 07:00:00 GMT to Sat, 19 Jul 2025 12:30:00 GMT -
Rating -7
- Innovation -2
- Information +2
- Rumor -6
