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Stocks Alert: Centene Corporation (CNC), The Macerich Company (MAC), Northrop Grumman Corporation (NOC)

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Centene Corporation (CNC) grew with the stock adding 2.41% or $1.52 to close at $64.48 on light trading volume of 1.08M compared its three months average trading volume of 2.04M. The St. Louis Missouri 63105 based company operating under the Health Care Plans industry has been trending up for the last 52 weeks, with the shares price now 7.48% up for the period and up by 14.1% so far this year. With price target of $73.18 and a 36.15% rebound from 52-week low, Centene Corporation has plenty of upside potential, making it a hold with a view buy.

Centene Corporation operates as a diversified and multi-national healthcare enterprise that provides programs and services to under-insured and uninsured individuals in the United States. It operates through two segments, Managed Care and Specialty Services. The Managed Care segment offers Medicaid and Medicaid-related health plan coverage to individuals through government subsidized programs, including Medicaid, the State children’s health insurance program, long-term care, foster care, and dual-eligible individual, as well as aged, blind, or disabled programs. Its health plans include primary and specialty physician care, inpatient and outpatient hospital care, emergency and urgent care, prenatal care, laboratory and x-ray services, home health and durable medical equipment, behavioral health and substance abuse, 24-hour nurse advice line, transportation assistance, vision care, dental care, immunizations, prescriptions and limited over-the-counter drugs, specialty pharmacy, therapies, social work services, and care coordination. The Specialty Services segment provides pharmacy benefits management services; health, triage, wellness, and disease management services; vision services; dental services; correctional healthcare services; in-home health services; and integrated long-term care services, as well as care management software that automate the clinical, administrative, and technical components of care management programs. This segment offers its services and products to state programs, healthcare organizations, employer groups, and other commercial organizations. The company provides its services through primary and specialty care physicians, hospitals, and ancillary providers. Centene Corporation was founded in 1984 and is headquartered in St. Louis, Missouri.

The Macerich Company (MAC) dropped $-0.51 to close the day at a new closing price of $69.55, a -0.73% decrease in value from its previous closing price that moved the stock 5.51% above its 52 week low of $66. A total of 1.08M shares exchanged hands during the day compared with its three month average trading volume of 911.19K. The stock, which fluctuated between $69.28 and $70.27 during the day, currently situated -25.03% below its 52 week high. The stock is up by 1.76% in the past one month and down by -8.68% over the past three months. With a one year target estimate of $77.95 and RSI of 47.59, the stock still has upside potential, making it a hold for now.

The Macerich Company is an independent real estate investment trust. The firm invests in the real estate markets of the United States. It primarily engages in acquisition, ownership, development, redevelopment, management and leasing of regional and community shopping centers located throughout the United States. The Macerich Company was founded in 1964 and is headquartered in Santa Monica, California with additional offices in Phoenix, Arizona; Dallas, Texas; Pittsford, New York.

Northrop Grumman Corporation (NOC) shares were down in last trading by -0.75% to $230.84. It experienced lighter than average volume on day. The stock increased in value by almost 0.26% over the past week and fell -1.23% in the past month. It is currently trading -3.19% below its 50 day moving average and 4.89% above its 200 day moving average. Following the recent decrease in price, the stock’s new closing price represents a -8.72% decrease in value from its one year high of $253.8. The RSI indicator value of 40.86, lead us to believe that it is a hold for now.

Northrop Grumman Corporation, a security company, provides systems, products, and solutions in aerospace, electronics, information systems, and technical service areas to government and commercial customers worldwide. The company’s Aerospace Systems segment designs, develops, integrates, and produces manned aircraft, unmanned systems, spacecraft, high-energy laser systems, microelectronics, and other systems and subsystems. This segment sells its products primarily to government agencies for use in various areas, including intelligence, surveillance, and reconnaissance; communications; battle management; strike operations; electronic warfare; earth observation; satellite communications; space science; and space exploration. Its Electronic Systems segment offers solutions for sensing, understanding, anticipating, and controlling the operating environment to military, civil, and commercial customers. This segment provides various defense electronics and systems, airborne fire control radars, situational awareness systems, early warning systems, electronic warfare systems, air defense radars and management systems, navigation systems, communications systems, marine power and propulsion systems, space systems, and logistics services. The company’s Information Systems segment offers advanced solutions for Department of Defense, national intelligence, federal civilian, state, international, and commercial customers. This segment provides products and services primarily in the fields of command and control, communications, cyber, air and missile defense, intelligence processing, civil security, health information technology, and government support systems. Its Technical Services segment provides logistics, modernization, and sustainment services; and other advanced technology and engineering services, including space, missile defense, nuclear security, training, and simulation services. The company was founded in 1939 and is based in Falls Church, Virginia.

 

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