Centene plunges after pulling forecast on revenue pressure from Obamacare plans
1. Centene withdrew its 2025 earnings forecast, triggering a 25% share decline.
FAQ
Why Very Bearish?
Withdrawing earnings forecasts often signals financial instability; similar past incidents led to stock recovery issues.
How important is it?
The substantial forecast change directly impacts investor confidence and market perception of Centene.
Why Short Term?
Price reactions following forecast withdrawals are typically immediate; longer-term effects depend on recovery strategies.