We recently published Jim Cramer’s Fresh 14 Stocks & Thoughts About Market Performance. Centene Corporation (NYSE:CNC) is one of the stocks Jim Cramer recently discussed.
Centene Corporation (NYSE:CNC) is another healthcare benefits management company. The firm’s shares were decimated in July after they fell by an unbelievable 41%. The stock was obliterated after Centene Corporation (NYSE:CNC) stunned investors by pulling its fiscal year 2025 guidance. The firm explained that weaker enrollments and higher-than-expected illnesses among patients had fueled the decision. Safe to say, “brutal” might be an understatement for the blow dealt to Centene Corporation (NYSE:CNC):
“Centene was so brutal. Brutal because the late Michael Neidorff, who was just a regular guest on Mad Money, he figured out how to provide high care, good care for HCA. But if you’re not going to get paid, it’s the worst possible combination.
A doctor holding a clipboard in a hospital ward, discussing patient treatment plan with the nurses.
Previously, Cramer discussed Centene Corporation (NYSE:CNC)’s business after the 40% crash:
“Today, some of the biggest losers in the market were a handful of managed care companies led by a company called Centene… That stock plunged over 40%. This is the worst single-day performance on record because last night after the close, the company withdrew its full-year forecast…
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