Trade-Ideas: Centene (CNC) Is Today's New Lifetime High Stock

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

Trade-Ideas LLC identified Centene ( CNC) as a new lifetime high candidate. In addition to specific proprietary factors, Trade-Ideas identified Centene as such a stock due to the following factors:

  • CNC has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $73.2 million.
  • CNC has traded 86,775 shares today.
  • CNC is trading at a new lifetime high.

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More details on CNC:

Centene Corporation provides multi-line healthcare programs and services in the United States. It operates in two segments, Managed Care and Specialty Services. CNC has a PE ratio of 26.7. Currently there are 8 analysts that rate Centene a buy, no analysts rate it a sell, and 8 rate it a hold.

The average volume for Centene has been 930,200 shares per day over the past 30 days. Centene has a market cap of $4.8 billion and is part of the health care sector and health services industry. The stock has a beta of 1.06 and a short float of 6.7% with 3.90 days to cover. Shares are up 40.5% year-to-date as of the close of trading on Friday.

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.

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