Shares of Community Health Systems (CYH) Sees Large Outflow of Money

Community Health Systems (CYH) : The total money flow in Community Health Systems (CYH) was negative ($1.65 million), which signals selling by the traders on Tuesdays session. They trimmed their holdings by selling the stock on downticks to the tune of $4.48 million. In comparison, the inflow of money into the stock on upticks was $2.83 million. The uptick to downtick ratio was 0.63. Similarly, the block trades show selling by large traders on strength. The value of stocks sold down on downtick was $1.81 million. The negative money flow of ($1.81 million) confirms the selling in Community Health Systems (CYH) on strength. Community Health Systems (CYH) gained $0.01 at $10.56, a gain of 0.05% over the previous days close. However, the stock registered 4.82% in the week.


Also, Brokerage firm Mizuho Securities upgrades its rating on Community Health Systems (NYSE:CYH). The shares have been rated Neutral. Previously, the analysts had a Underperform rating on the shares. The rating by the firm was issued on August 12, 2016.

Shares of Community Health Systems, Inc. appreciated by 1.52% during the last five trading days but lost 14.79% on a 4-week basis. Community Health Systems, Inc. has dropped 23.1% during the last 3-month period . Year-to-Date the stock performance stands at -51.11%.

Community Health Systems (NYSE:CYH): During Tuesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $10.53 and $10.41 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $10.77. The buying momentum continued till the end and the stock did not give up its gains. It closed at $10.72, notching a gain of 1.61% for the day. The total traded volume was 4,126,852 . The stock had closed at $10.55 on the previous day.

In a related news, The director, of Community Health Systems Inc, Watson H Mitchell Jr had unloaded 5,600 shares at $13.42 per share in a transaction on June 13, 2016. The total value of transaction was $75,152. The Insider information was revealed by the Securities and Exchange Commission in a Form 4 filing.

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.

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