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Insider Trends: 90-Day Insider Buying Trend Reduced with Disposition of Centene Shares

05/11/2021 15:03

07:02 PM EDT, 05/11/2021 (MT Newswires) -- On May 07, 2021, EVP, Chief Information Officer, Mark J Brooks, executed a sale of 15,000 shares in Centene (CNC) for $1,020,000. After the Form 4 filing with the SEC, Brooks has 164,321 shares of company stock, which have a market value of $11.4 million as of the prior-day closing price.

In the 90 days prior to the date of this filing, there have been 31 insider transactions reported to the SEC for Centene. These transactions came from the activities of 19 individual insiders that resulted in a net acquisition of 53,620 company shares. This compares with the preceding 90-day window of time where there were 34 transactions from 14 insiders that resulted in the net acquisition of 552,388 shares.

This level of insider transactions is below that of the peer group average in the 11-company Managed Healthcare peer group over the last 90-day period. Peer group activity averaged 332.9 transactions per company, and disposition of 34,538 shares on average.

SEC Story Link http://www.sec.gov/Archives/edgar/data/1071739/000107173921000144/xslF345X03/wf-form4_162077401451964.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.