Centene Stock Showing Signs of Life After Revenue Beat
Centene Corp (NYSE:CNC) stock is 3.9% higher to trade at $27.75 this morning, even after the managed healthcare company reported an adjusted second-quarter loss of 16 cents per share, steeper than the 11 cents per share projected. However, revenue topped estimates, and the stock has pared steep premarket gains to push into the black at the open.The pivot has CNC slowly eating into its 55% year-to-date deficit, red ink mostly caused by a massive 40% bear gap on July 1 after the company pulled its 2025 foreca ...