Jim Cramer expresses bearish sentiment towards Centene, leading to a record 40% drop.

Centene Corporation (NYSE:CNC) is one of the 22 stocks Jim Cramer recently talked about, with a bearish sentiment towards managed care companies. Centene saw a record 40% drop after withdrawing its full-year forecast, prompting Cramer to call it a “very painful story.”

Centene (NYSE:CNC) offers healthcare services to underserved populations and commercial clients, focusing on Medicaid, Medicare, commercial health plans, clinical services, and administrative support. The company’s diverse operations cater to a wide range of healthcare needs, making it an important player in the industry.

Read more at Yahoo Finance: Jim Cramer on Centene: “Very Painful Story”