Community Health Systems (CYH) has been under a strong bear grip, hence the stock is down -13.7% 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 6.61% in the past 1 week. The stock has risen by 7.15% in the past week indicating that the buyers are active at lower levels, but the stock is down -13.82% in the past 4 weeks.
The stock has recorded a 20-day Moving Average of 0.42% and the 50-Day Moving Average is 9.36%.The 200 Day SMA reached 30.17%. Community Health Systems, Inc. has dropped 24.17% during the last 3-month period . Year-to-Date the stock performance stands at -50.79%.
Community Health Systems (NYSE:CYH): After opening at $10.24, the stock dipped to an intraday low of $10.09 on Friday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $10.84 and the buying power remained strong till the end. The stock closed at $10.79 for the day, a gain of 6.31% for the day session. The total traded volume was 4,933,321. The stocks close on the previous trading day was $10.15.
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.