Centene Record Drop, Tesla Vehicle Sales Decline, Coinbase Rises
On this edition of Stock Movers:- Health insurer Centene Corp. (CNC) stock plunged as they shocked investors Tuesday when it withdrew its profit outlook on precipitously rising risks from Affordable Care Act plans, sending shares plummeting the most on record. The company appears to have been badly caught off guard by the impact of US government actions. It’s an ominous sign for insurers, whose purpose is to price for risk but have lately been blindsided by it. - Tesla (TSLA) shares rally after after the carmaker posted a less drastic decline in vehicle sales than the most pessimistic…
The skinny
The skinny isn't ready yet — notes appear once the transcript is processed.