Company Shares of Tenet Healthcare Corporation (NYSE:THC) Rally 3.33%

Tenet Healthcare Corporation (NYSE:THC) has been under a strong bear grip, hence the stock is down -1.66% when compared to the S&P 500 in the past 4 weeks. However, in the near-term, buying emerged at lower levels and the stock has outperformed the S&P 500 by 2.02% in the past 1 week. The stock has risen by 3.33% in the past week indicating that the buyers are active at lower levels, but the stock is down -0.07% in the past 4 weeks.

The company shares have dropped -51.79% from its 1 Year high price. On Jul 14, 2015, the shares registered one year high at $60.93 and the one year low was seen on Feb 16, 2016. The 50-Day Moving Average price is $28.30 and the 200 Day Moving Average price is recorded at $28.00.

The stock has recorded a 20-day Moving Average of 3.83% and the 50-Day Moving Average is 0.62%.


Tenet Healthcare Corporation (NYSE:THC): stock turned positive on Friday. Though the stock opened at $28.26, the bulls momentum made the stock top out at $29 level for the day. The stock recorded a low of $28 and closed the trading day at $28.88, in the green by 3.14%. The total traded volume for the day was 1,081,708. The stock had closed at $28 in the previous days trading.

In an insider trading activity, 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 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.

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