Director Coughlin buys 10,000 CNC shares at $59.44; cluster of 3 other insiders buying in past 14 days
Christopher J. Coughlin, a director at Centene Corp, purchased 10,000 shares at $59.44 on 2024-12-16, increasing his holdings by 37.9% from 26.4K to 36.4K shares. This transaction is part of a broader insider buying pattern: 3 other insiders also purchased shares within the past 14 days, suggesting coordinated or independently convergent acquisition activity among the company's leadership. The stock currently trades at $57.81, down 28.1% from its 52-week high of $80.41, positioning the purchase roughly 2.8% below the transaction price and within the broader 52-week range. Centene's fundamentals show stable operations with $42.0B in latest quarterly revenue, net income of $713.0M, and a low P/E of 9.52, offering context for insider accumulation decisions.