Tenet Healthcare Corporation (THC) : During the past 4 weeks, traders have been relatively bearish on Tenet Healthcare Corporation (THC), hence the stock is down -15.42% when compared to the S&P 500 during the same period. However, in the past 1 week, the selling of the stock is down by -7.26% relative to the S&P 500. The 4-week change in the price of the stock is -14.54% and the stock has fallen -7.21% in the past 1 week.
The stock has recorded a 20-day Moving Average of 12.74% and the 50-Day Moving Average is 11.27%. Tenet Healthcare Corporation (NYSE:THC): On Fridays trading session , Opening price of the stock was $25.63 with an intraday high of $25.96. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $25.3926. However, the stock managed to close at $25.5, a loss of 0.43% for the day. On the previous day, the stock had closed at $25.61. The total traded volume of the day was 1,557,677 shares.
The company Insiders own 2.9% of Tenet Healthcare Corporation shares according to the proxy statements. Also, In the latest statement by the brokerage house, Citigroup maintains its outlook on Tenet Healthcare Corporation (NYSE:THC). The current rating of the shares is Neutral, according to the research report released by the firm. The brokerage firm lowers the price target from $36 per share to $31 per share. The rating by the firm was issued on August 4, 2016.
Tenet Healthcare Corporation is a healthcare services company. The Company operates regionally focused, integrated healthcare delivery networks in large urban and suburban markets. As of December 31, 2014, it operated 80 hospitals, 210 outpatient centers, six health plans and Conifer Health Solutions, LLC (Conifer), which provides healthcare business process services in the areas of revenue cycle management, value-based care and patient communications. It provides operational management for revenue cycle functions, including patient access, health information management, revenue integrity and patient financial services. It also offers communications and engagement solutions to optimize the relationship between providers and patients. Conifer operates a management services business that supports value-based performance through clinical integration, financial risk management and population health management. It has two operating segments: Hospital Operations and other, and Conifer.