Shares of Centene Corp (CNC) traded 40% lower on Wednesday after several brokerages lowered their price target on the stock on the heels of the health insurer withdrawing its 2025 financial guidance.

What Happened? A number of healthcare stocks fell in the afternoon session after several negative developments weighed on the ...

S&P Global Ratings is considering whether to reclassify Centene Corp.'s credit ratings to junk, which would strongly impact its borrowing power. Centene, the top seller of ACA health plans, is ...

Centene disclosed bad news to Wall Street. It owns a large coordinated care organization that serves six counties here.

Centene (CNC) was the worst-performing stock in the S&P 500 Wednesday, ... The news led several analysts to downgrade and/or lower the price target of the stock, including Jefferies and UBS.

Centene pulled guidance for FY 2025 and indicated that significant cost increases are on the horizon. See why I'm downgrading CNC stock to speculative hold.

Centene disclosed bad news to Wall Street. It owns a large coordinated care organization that serves six counties here.

Investors soured on the sector when Elevance, an insurer, handed in disappointing results and shared a downbeat outlook.

Major U.S. equities indexes were little changed at midday Wednesday after a report on wholesale inflation showed a surprising ...