Community Health Systems (NYSE:CYH) has tumbled 7.33% during the past week, however, the bigger picture is still very bullish; the stocks have advanced and posted positive gains of 2.12% in the last four weeks. The stocks have underperformed the S&P 500 by 6.22% during the past week but Community Health Systems (NYSE:CYH) it has outperformed the index in 4 weeks by 1.19%.
Community Health Systems (NYSE:CYH): The stock opened at $13.14 on Friday but the bulls could not build on the opening and the stock topped out at $13.65 for the day. The stock traded down to $12.97 during the day, due to lack of any buying support eventually closed down at $13.02 with a loss of -0.69% for the day. The stock had closed at $13.11 on the previous day. The total traded volume was 3,532,441 shares.
The company shares have dropped -72.14% from its 1 Year high price. On Jun 29, 2015, the shares registered one year high at $53.72 and the one year low was seen on Feb 16, 2016. The 50-Day Moving Average price is $13.84 and the 200 Day Moving Average price is recorded at $16.27.
On the companys insider trading activities, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the director of Community Health Systems Inc, Watson H Mitchell Jr had sold 5,600 shares worth of $75,152 in a transaction dated June 13, 2016. In this transaction, 5,600 shares were sold at $13.42 per share.
Many analysts have stated their opinion on the company shares. Ladenburg Thalmann upgrades their rating on the shares of Community Health Systems (NYSE:CYH). The current rating of the shares is Underperform. Earlier, the shares were rated a Not Rated by the brokerage firm. The rating by the firm was issued on June 13, 2016. Currently the company Insiders own 4.6% of Community Health Systems shares according to the proxy statements. Institutional Investors own 99.01% of Community Health Systems shares. During last six month period, the net percent change held by insiders has seen a change of 33.08%.
Community Health Systems, Inc. is a hospital company and an operator of acute care hospitals in communities across the United States. The Company provides healthcare services through the hospitals that it owns and operates in non-urban and selected urban markets throughout the United States. It operates in two operating segments: hospital operations and home care agencies operations. Its hospital operations include the Companys acute care hospitals and related healthcare entities that provide inpatient and outpatient healthcare services. Its home care agencies operations provide in-home outpatient care. Services provided through its hospitals and affiliated businesses include general acute care, emergency room, general and specialty surgery, critical care, internal medicine, obstetrics, diagnostic, psychiatric and rehabilitation services. It provides a range of hospital healthcare services and other outpatient services to patients in the communities in which the Company is located.