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Centene Corp. Message Board

  • techglass1 techglass1 Nov 29, 2005 3:15 PM Flag

    Why stock is moving

    CNC is moving becasue the company is buying back its own stock. It is not allowed to buy it at certain times during the day and therfore it falls a little...but so far the company has broght the stock from under $20 to $24.11......A very nice move..The stock will rest now that it has returned to $24 on the chart and maybe drift down a little before going up again.

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    • I think this stock will pause at around these levels($23-25.50) unless we see a large movement up/down in the market. There will be some profit taking, like yesterday, on down days in the market. Remember this stock is up 40% from its low of 16.76 just one month ago, certainly could not blame those who take profits, I am tempted but think this stock has more room to run long term.

 
CNC
72.15+1.01(+1.42%)May 27 4:02 PMEDT