LifePoint Health (LPNT) Shares are Down -3.24%

LifePoint Health (LPNT) : During the past 4 weeks, traders have been relatively bearish on LifePoint Health (LPNT), hence the stock is down -15.8% 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 -3.21% relative to the S&P 500. The 4-week change in the price of the stock is -15.48% and the stock has fallen -3.24% in the past 1 week.

LifePoint Health, Inc. has dropped 15.43% during the last 3-month period . Year-to-Date the stock performance stands at -23.61%. The stock has recorded a 20-day Moving Average of 6.07% and the 50-Day Moving Average is 11.79%.


LifePoint Health (NASDAQ:LPNT): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $55.59 and $55.22 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $56.18. The buying momentum continued till the end and the stock did not give up its gains. It closed at $56.07, notching a gain of 0.02% for the day. The total traded volume was 357,250 . The stock had closed at $56.06 on the previous day.

Also, Brokerage firm Raymond James maintains its rating on LifePoint Health (NASDAQ:LPNT). As per the latest information, the brokerage house lowers the price target to $65 per share from a prior target of $75. The shares have been rated Outperform. The rating by the firm was issued on August 2, 2016.

LifePoint Health, Inc., formerly LifePoint Hospitals, Inc. provides healthcare services. Through its subsidiaries, the Company operates general acute care hospitals primarily in non-urban communities in the United States. Its hospitals provide a range of medical and surgical services in hospitals in non-urban markets. The Companys services include general surgery, internal medicine, obstetrics, emergency room care, radiology, oncology, diagnostic care, coronary care, rehabilitation services and pediatric services. In some of its hospitals, the Company offers services, such as open-heart surgery, skilled nursing, psychiatric care and neuro-surgery. LifePoint provides outpatient services, such as same-day surgery, laboratory, x-ray, respiratory therapy, imaging, sports medicine and lithotripsy. The Company operates approximately 67 hospital campuses in 21 states, having a total of approximately 8,254 licensed beds.

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