Kindred Healthcare (NYSE:KND) : Traders are bullish on Kindred Healthcare (NYSE:KND) as it has outperformed the S&P 500 by a wide margin of 4.39% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 3.03%, 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 4.36% in the last 1 week, and is up 6.08% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
The company shares have dropped -41.48% from its 1 Year high price. On Aug 6, 2015, the shares registered one year high at $23.36 and the one year low was seen on Feb 16, 2016. The 50-Day Moving Average price is $11.63 and the 200 Day Moving Average price is recorded at $11.50.
The stock has recorded a 20-day Moving Average of 7.93% and the 50-Day Moving Average is 0.66%.
Kindred Healthcare (NYSE:KND): stock turned positive on Friday. Though the stock opened at $11.89, the bulls momentum made the stock top out at $12.245 level for the day. The stock recorded a low of $11.89 and closed the trading day at $12.22, in the green by 4.00%. The total traded volume for the day was 693,694. The stock had closed at $11.75 in the previous days trading.
In an insider trading activity, The Securities and Exchange Commission has divulged that Lucchese John Joseph, Officer (Svp & Chief Accounting Officer) of KINDRED HEALTHCARE, INC, had unloaded 4,341 shares at an average price of $11.39 in a transaction dated on June 29, 2016. The total value of the transaction was worth $49,444.
Kindred Healthcare, Inc. is a healthcare services company that through its subsidiaries operates transitional care (TC) hospitals, inpatient rehabilitation hospitals (IRFs), nursing centers, assisted living facilities, a contract rehabilitation services business and a home health and hospice business across the United States. The Company operates through five segments: hospitals, nursing centers, skilled nursing rehabilitation services (SRS), hospital rehabilitation services (HRS) and home health and hospice services. The Companys hospital division provides long-term acute care services to medically complex patients. The Companys nursing center division operates through 90 nursing centers and seven assisted living facilities in 18 states. Its rehabilitation division provided rehabilitation services primarily in hospitals and long-term care settings. Its care management division primarily provided home health, hospice and private duty services from 143 locations in 13 states.