Large Outflow of Money Witnessed in Tenet Healthcare Corporation

Tenet Healthcare Corporation (NYSE:THC) had an volatile session and gained 0.02 points till last call. The price was at $27.46, gaining 0.05% till the last intraday data. The total uptick value was $0.07 million while the total downtick value was $3.62 million. The shares saw a net money flow of $(-3.56) million and the up/down ratio stood at 0.02. The stock has seen a change of of -5% for the week. The share had a block transaction during the course of trading in which the net money flow was $(-3.53) million. Almost $0 million were received in upticks and approximately $3.53 million were lost in downticks, thereby giving the up/down ratio of 0.

Tenet Healthcare Corp. has lost 6.02% in the last five trading days and dropped 4.74% in the last 4 weeks. Tenet Healthcare Corp. has dropped 3.48% during the last 3-month period . Year-to-Date the stock performance stands at -10.36%.

Currently the company Insiders own 2.9% of Tenet Healthcare Corporation shares according to the proxy statements. . On the companys insider trading activities, The director officer (Chairman and CEO), of Tenet Healthcare Corp, Fetter Trevor had unloaded 83,443 shares at $60.02 per share in a transaction on July 6, 2015. The total value of transaction was $5,008,249. The Insider information was revealed by the Securities and Exchange Commission in a Form 4 filing.

Tenet Healthcare Corporation (NYSE:THC) witnessed a decline in the market cap on Friday as its shares dropped 1.02% or 0.28 points. After the session commenced at $27.45, the stock reached the higher end at $28.2 while it hit a low of $27.06. With the volume soaring to 1,821,585 shares, the last trade was called at $27.16. The company has a 52-week high of $60.93. The company has a market cap of $2,697 million and there are 99,304,410 shares in outstanding. The 52-week low of the share price is $21.39.

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.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.