Centene Corporation (CNC) is recently facing significant litigation troubles, impacting its stock performance negatively. Controversial opinion by Jim Cramer classifies it as one of the \"most horrible stocks.\" Shareholders have expressed ire, resulting in the filing of several securities class action against the company. In an effort to mitigate these challenges, appointments have been made at executive levels including a new president over Individual Coverage Health Reimbursement Arrangements (ICHRA) business as well as a new Chief Operating Officer. Despite these, Wall Street remains cautious about Centene's future with instances of the firm's stock being downgraded and a significant cut in company outlook following a $1.8 billion ACA revenue hit. A glimpse of optimism was witnessed when Centene's subsidiary, Arizona Complete Health, was awarded a statewide long-term care Medicaid contract. Bear in mind that Centene also agreed to shell out a record settlement of $88.3 million to resolve its Ohio PBM case. While there are believers who see an opportunity amidst the chaos, the current state of affairs indicate a predomiantly bearish atmosphere for Centene.
Centene Corporation CNC News Analytics from Mon, 14 Jun 2021 07:00:00 GMT to Sat, 02 Aug 2025 15:45:00 GMT -
Rating -6
- Innovation -5
- Information 2
- Rumor -8
