Centene Corporation (CNC) was “very cruel,” says Jim Cramer.
Recently released Jim Kramer’s fresh 14 stocks and thoughts on market performance. Centene Corporation (NYSE: CNC) is one of the stocks we discussed recently.
Centene Corporation (NYSE: CNC) is another healthcare benefits management company. The company’s shares were destroyed in July after a fall at an incredible 41%. The stock disappeared after Centene Corporation (NYSE: CNC) surprised investors by drawing guidance for fiscal year 2025. The company explained that poor enrollment among patients and diseases that exceeded expectations helped drive decisions. “Brutal” might be an understatement to the blows handled by Centene Corporation (NYSE: CNC).
“Centerne was so cruel. The late Michael Neidorf, a normal guest of crazy money, was cruel as he found a way to provide high care to the HCA.
A doctor with a clipboard in the hospital ward discusses the patient’s treatment plan with the nurse.
Previously, Cramer discussed business after 40% of Centene Corporation (NYSE: CNC) crashed.
“Today, some of the biggest losers in the market were several managed care companies led by a company called Centene…their stocks plummeted over 40%.