Tenet Healthcare Corporation (THC) has been under a strong bear grip, hence the stock is down -11.82% 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 3.7% in the past 1 week. The stock has risen by 4.22% in the past week indicating that the buyers are active at lower levels, but the stock is down -11.94% in the past 4 weeks.
The stock has recorded a 20-day Moving Average of 2.67% and the 50-Day Moving Average is 11.82%.The 200 Day SMA reached 14.43%. Tenet Healthcare Corp. has dropped 18.41% during the last 3-month period . Year-to-Date the stock performance stands at -20.13%.
Tenet Healthcare Corporation (NYSE:THC): After opening at $23.7, the stock dipped to an intraday low of $23.53 on Friday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $24.35 and the buying power remained strong till the end. The stock closed at $24.2 for the day, a gain of 2.63% for the day session. The total traded volume was 1,184,869. The stocks close on the previous trading day was $23.58.
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.