S&P 500 health insurer Centene (CNC) blew away Q2 earnings forecasts amid lower-than-expected Affordable Care Act Marketplace benefit costs.
CNC stock initially moved higher, but shares reversed sharply lower as the company discussed its outlook, including slightly higher Medicaid attrition and a more costly covered population in the second half of 2026
CNC shares gapped down, undercutting key technical support… Related news Why UNH Stock Breakout Faltered After Massive Earnings Beat 7/16/2026 The medical cost trend isn’t as benign as the huge earnings beat seemed to imply. 7/16/2026 The medical cost trend isn’t as benign as the huge