Recently, Jim Cramer discussed Centene Corporation (NYSE:CNC) after a 41% stock drop due to weaker enrollments and higher illnesses among patients. Cramer called it “brutal” and warned of potential premium increases and fewer enrollments in the future.
Centene Corporation (CNC) experienced a record 40% stock plunge after withdrawing its full-year forecast. The firm’s largest player in healthcare exchanges is now facing challenges due to fewer healthy enrollees, leading to potential premium increases and reduced enrollments.
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Read more at Yahoo Finance: Centene Corporation (CNC) “Was So Brutal,” Says Jim Cramer