Stock price performance of Tenet Healthcare Corporation is analyzed for various periods using several stock trading signals. In this case, The stock price has rallied 26.05% in the past 12 Weeks but analyzing the 6 month chart of the stock, the price of the stock has managed to drop negative and it has dropped down to -23.65% . Looking at the past 52 week period, the stock price is down -29.22% . Relative price strength is a important factor used by wealth management firms while investing in stocks since the indicator compares the stock performance with the overall market. The relative price strength of Tenet Healthcare Corporation has a negative value of -48.7 compared to overall market performance. Company shares have received an average consensus rating of Hold for the current week The stock has recorded a 20-day Moving Average of 5.84% and the 50-Day Moving Average is 12.8%.The 200 Day SMA reached 23.13%
Tenet Healthcare Corp. is having a Relative Strength Index of 60.15 which indicates the stock is not yet over sold or over bought based on the technical indicators. Tenet Healthcare Corporation (NYSE:THC) has climbed 0.27% in the past week and advanced 11.83% in the last 4 weeks. In the past week, the company has outperformed the S&P 500 by 0.15% and the outperformance has advanced to 10.83% for the last 4 weeks period.
Company has reported several Insider transactions to the SEC, on Nov 10, 2016, Peter M Wilver (director) purchased 5,000 shares at 15.19 per share price.On Jul 15, 2015, Trevor Fetter (Chairman and CEO) sold 184,481 shares at 60.25 per share price.On Jun 5, 2015, R. Scott Ramsey (Principal Accounting Officer) sold 5,650 shares at 51.64 per share price.
Tenet Healthcare Corp Last issued its quarterly earnings results on Oct 31, 2016. The company reported $0.16 EPS for the quarter, missing the analyst consensus estimate by $ -0.01. Analyst had a consensus of $0.17. The company had revenue of $4849.00 million for the quarter, compared to analysts expectations of $4782.31 million. The companys revenue was up 3.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.29 EPS.
Several Stock Research Financial Advisors from Investment Banking firms have advised their client and investors on the stock.Tenet Healthcare Corp was Initiated by Piper Jaffray to Neutral on Jan 4, 2017. Tenet Healthcare Corp was Downgraded by Mizuho on Nov 22, 2016 to Underperform, Price Target of the shares are set at $13.Tenet Healthcare Corp was Downgraded by Raymond James to Mkt Perform on Nov 10, 2016. Tenet Healthcare Corp was Downgraded by BofA/Merrill to Neutral on Nov 9, 2016.
Tenet Healthcare Corporation (NYSE:THC) : On Friday heightened volatility was witnessed in Tenet Healthcare Corporation (NYSE:THC) which led to swings in the share price. The stock opened for trading at $17.91 and hit $18.35 on the upside , eventually ending the session at $18.34, with a gain of 3.09% or 0.55 points. The heightened volatility saw the trading volume jump to 1,939,822 shares. The 52-week high of the share price is $34.0799 and the company has a market cap of $1,827 million. The 52-week low of the share price is at $14.06 .
Tenet Healthcare Corp. is an investor-owned health care services company. The company owns or operates general hospitals and related health care facilities serving urban and rural communities in numerous states, and holds investments in other health care companies. The related health care facilities includes a small number of rehabilitation hospitals, specialty hospitals, and long-term care facilities.