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Leo Miller

Why Centene Stock Dropped 40% — And Whether It's a Buy Now

Centene MarketBeat Elevance Molina Medicaid ACA CNC

For healthcare stock Centene (NYSE: CNC), July 2 was indisputably disastrous. Shares closed down by over 40% that day, resulting in the firm losing over $11 billion in market capitalization. Close competitors were not spared either.

Molina Healthcare (NYSE: MOH) dropped 22%, and Elevance Health (NYSE: ELV) fell over 11%.

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