Centene Stock Tumbles 40% Amid Sector Concerns and Downgrades
Shares of Centene (CNC) dropped 40% after the company unexpectedly withdrew its 2025 guidance due to slower ACA plan growth and higher Medicaid costs, leading to analyst downgrades and concerns about its near-term outlook. Despite a moderate buy consensus, the stock faces significant headwinds from risk adjustment shortfalls and regulatory uncertainties.
