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Centene ($CNC) Stock Split History

Centene stock has experienced a total of 4 stock splits in its history. The most recent stock split took place on February 7th, 2019. As a result of these stock splits, one Centene share purchased prior to July 14th, 2003, would now be equivalent to holding 12 Centene shares today.

Centene ($CNC) Stock Split History Graph and Chart

Centene ($CNC) Stock Split Dates

Date Ratio
2/7/20192 for 1
2/20/20152 for 1
12/20/20042 for 1
7/14/20033 for 2

FAQs (Frequently Asked Questions)

How Does a Centene Share Split Work?

A Centene stock split is no different than any other stock split. Centene is simply packaging the number of outstanding shares in a different way. For example, in a 2-for-1 split, the amount of shares will double (and the price will be divided by 2, accordingly). Say you have 100 shares of Centene, then the day of the split you will receive 2 shares for every 1 share you hold in your brokerage account, meaning you will receive 200 shares on the stock split date. However, the price of the stock will reflect this change and your holding of Centene (in terms of value) will remain practically the same.

Benefits of a Centene Stock Split?

A stock split does not change the fundamental value of a company. Meaning a Centene stock split will not make the business more valuable. However, there is a psychological benefit in that the share price will be lower after the split, making shares seem more accessible to everyone and thus temporarily increasing demand and ramping up share prices. To further explore stock splits, please refer to Investopedia.

Buying Before or After a $CNC Stock Split?

While this is not financial advice and we have not run any thorough studies on the matter, general consensus is that price tends to go up after the announcement of a stock split and before the stock split itself happens.

Will Centene Stock Split?

Unfortunately, we do not know. There might be rumors of a Centene stock split, but the truth is that until the board proposes a shares split to its shareholders, it's all just noise.

How Does a Stock Split Affect $CNC Options?

A stock split affects options the same way it affect shares. In the case of a 2-for-1, the strike price of all the options chain post-split will be divided by 2 automatically. So if you're holding CALLs or PUTs, the strike price of the $CNC option will be automatically changed on the day of the split. Also, the number of shares will double. So if you have a CALL in a 2-for-1, after split you will have 2 calls to control 200 shares, and the strike price of those two CALLs would be halved.

Centene Shares Split Results in Fractional Shares

Not all shares splits are even. Some splits, like a 3-for-2 can result in shareholders owning fractional shares. In these cases it's best to contact your broker, to be clear on how they will handle the $CNC shares split.