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Insider Trends: Centene Insider Disposition Interrupting 90-Day Buy Trend

05/11/2021 15:01

07:01 PM EDT, 05/11/2021 (MT Newswires) -- Jeffrey A Schwaneke, EVP, Healthcare Enterprises, on May 07, 2021, sold 18,000 shares in Centene (CNC) for $1,242,000. Schwaneke, following the transactions disclosed in the Form 4 SEC filing, owns 454,549 shares of company stock, with a market value, based on the prior-day closing price, of $31.6 million.

Over the last 90 days, prior to the date of this filing, there have been 29 insider transactions reported to the SEC for Centene. These transactions came from the activities of 17 separate insiders that resulted in a net acquisition of 21,620 company shares. In the preceding 90-day window of time, there were 34 transactions from 14 insiders which resulted in the net acquisition of 552,388 shares.

This is lower than the average level of insider transactions in the 11-company Managed Healthcare peer group over the last 90-day period. Activity in the peer group averaged 332.7 transactions per company, and disposition of 34,802 shares on average.

SEC Story Link http://www.sec.gov/Archives/edgar/data/1071739/000107173921000142/xslF345X03/wf-form4_162077397889411.xml

This report does not constitute a recommendation to purchase or sell any security and the analysts are not registered investment advisors. Further analysis is recommended before undertaking any position in any security. Any risks are solely the responsibility of the buyer/seller. The authors, publishers and distributors of the MT Newswires Live Briefs service and any associates thereof accept no liability for the content or actions taken by anyone or institution utilizing this report.