Centene Corp (NYSE:CNC) stock is trading lower on Tuesday. Over the last year, the stock has fallen by around 35%.

• Centene stock is taking a hit today. What’s pressuring CNC stock?

The health insurer reaffirmed its 2026 earnings guidance above $1.98 per share and adjusted earnings of above $3 per share.

Warns Lower Membership

At the Barclays Global Healthcare Conference, Centene flagged lower membership in some ​Affordable Care Act plans (ACA).

Centene noted that ACA membership attrition would shrink somewhere between the high teens and the mid-30s.

“But we were pretty consistent in the view that we would be at the higher end of that and possibly higher than the top end of that, partly because of our FPL mix ...