Seeking Alpha published a report on Centene on July 2, 2025. According to the report, Centene stock "traded lower on Wednesday after the company withdrew its 2025 earnings guidance, citing a higher-than-anticipated cost trend attributed to its Medicaid enrollees and an unexpected underperformance in its Affordable Care Act plans business." The Company claimed that its "Medicaid business has experienced a step-up in medical cost trend in the same areas previously identified by the Company: behavioral health, home health, and high-cost drugs."
Following this news, Centene stock fell over 39% during intraday trading on the same day.
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