Reported 1 day ago
Centene Corporation, a major healthcare provider, has seen its stock plummet 59.5% from its 52-week high, underperforming the Health Care Select Sector SPDR Fund. The company recently withdrew its 2025 earnings guidance, citing rising patient costs and slower enrollment trends, which sparked a significant sell-off. Despite its large market cap, Centene faces challenges in sustaining profitability and investor confidence amidst rising medical costs and a bearish market trend.
Source: YAHOO