Tenet Healthcare Corporation (THC) Shares are Down -3.33%

Tenet Healthcare Corporation (THC) : During the past 4 weeks, traders have been relatively bearish on Tenet Healthcare Corporation (THC), hence the stock is down -23.98% 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 -2.69% relative to the S&P 500. The 4-week change in the price of the stock is -24.14% and the stock has fallen -3.33% in the past 1 week.

For the current week, the company shares have a recommendation consensus of Buy. The stock has recorded a twenty day Moving Average of 10.83% and the fifty day Moving Average is 16.55%. Tenet Healthcare Corp. has dropped 19.21% during the last three month period . Year-to-Date the stock performance stands at -23.37%.

Tenet Healthcare Corporation (THC) stock is expected to deviate a maximum of $9.23 from the average target price of $38.46 for the short term period. 13 Street Experts have initiated coverage on the stock with the most promising target being $62 and the most muted being $28.


Tenet Healthcare Corporation (NYSE:THC): On Fridays trading session , Opening price of the stock was $23.535 with an intraday high of $23.83. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $23. However, the stock managed to close at $23.22, a loss of 1.11% for the day. On the previous day, the stock had closed at $23.48. The total traded volume of the day was 1,512,655 shares.

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.

Leave a Reply

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.