Tenet Healthcare Corporation (THC) : During the past 4 weeks, traders have been relatively bearish on Tenet Healthcare Corporation (THC), hence the stock is down -7.16% when compared to the S&P 500 during the same period. However, in the past 1 week, the selling of the stock is down by -10.61% relative to the S&P 500. The 4-week change in the price of the stock is -4.85% and the stock has fallen -10.23% in the past 1 week.
Tenet Healthcare Corporation (NYSE:THC): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $27.56 and $27.15 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $27.73. The buying momentum continued till the end and the stock did not give up its gains. It closed at $27.48, notching a gain of 0.66% for the day. The total traded volume was 1,232,246 . The stock had closed at $27.30 on the previous day.
The stock has recorded a 20-day Moving Average of 8.17% and the 50-Day Moving Average is 5.1%. Tenet Healthcare Corp. has dropped 12.51% during the last 3-month period . Year-to-Date the stock performance stands at -9.31%.
Tenet Healthcare Corporation (THC) : Currently there are 15 street experts covering Tenet Healthcare Corporation (THC) stock. The most bullish and bearish price target for the stock is $62 and $28 respectively for the short term. The average price target of all the analysts comes to $38.6. The estimated standard deviation from the target is $8.57.
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.