HealthSouth Corporation (HLS) Shares are Up 5.54%

HealthSouth Corporation (HLS) : Traders are bullish on HealthSouth Corporation (HLS) as it has outperformed the S&P 500 by a wide margin of 7.51% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 5.61%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 5.54% in the last 1 week, and is up 11.13% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.

The stock has recorded a 20-day Moving Average of 7.82% and the 50-Day Moving Average is 7.78%. HEALTHSOUTH Corp. is up 4.47% in the last 3-month period. Year-to-Date the stock performance stands at 25.2%.


HealthSouth Corporation (NYSE:HLS): stock turned positive on Friday. Though the stock opened at $41.6, the bulls momentum made the stock top out at $43.38 level for the day. The stock recorded a low of $40.57 and closed the trading day at $43.05, in the green by 7.52%. The total traded volume for the day was 2,725,249. The stock had closed at $40.04 in the previous days trading.

Also, Major Brokerage house, Barclays downgrades its ratings on HealthSouth Corporation (NYSE:HLS). In the latest research report, Barclays lowers the target price from $45 per share to $42 per share. According to the latest information available, the shares are now rated Underweight by the analysts at the agency. Previously, the analysts had a Equal-weight rating on the shares. The rating by the firm was issued on June 27, 2016.

HealthSouth Corporation (HealthSouth) is an owner and operator of inpatient rehabilitation hospitals. The Companys inpatient rehabilitation hospitals offer rehabilitative care across an array of diagnoses, which include physical and cognitive disabilities or injuries due to medical conditions, such as strokes, hip fractures, head injuries, spinal cord injuries and a variety of debilitating neurological conditions. HealthSouth operates in around 33 states across the United States and in Puerto Rico and serves patients through its network of inpatient rehabilitation hospitals, home health agencies and hospice agencies. The Companys inpatient rehabilitation hospitals offer rehabilitative care across an array of diagnoses. As of December 31, 2014, the Company operated 107 inpatient rehabilitation hospitals. The Companys inpatient hospitals are concentrated in the eastern half of the United States and Texas.

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