Tenet Healthcare Corporation (THC) has risen sharply, recording gains of 9.52% in the past 4 weeks. However, the stock has corrected -2.7% in the past 1 week, providing a good buying opportunity on dips. On a relative basis, the stock has outperformed the S&P 500 by 5.96% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week.
The stock has recorded a 20-day Moving Average of 2.9% and the 50-Day Moving Average is 5.86%. Tenet Healthcare Corp. has dropped 3.41% during the last 3-month period . Year-to-Date the stock performance stands at 1.02%.
Tenet Healthcare Corporation (NYSE:THC): stock turned positive on Friday. Though the stock opened at $30.24, the bulls momentum made the stock top out at $30.75 level for the day. The stock recorded a low of $29.78 and closed the trading day at $30.61, in the green by 0.33%. The total traded volume for the day was 1,498,119. The stock had closed at $30.51 in the previous days trading.
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.