In a filing, Tenet Healthcare Corp. revealed its EVP, Chief Admin. Officer & GC Arnst Thomas W unloaded Company’s shares for reported $0.95 million on May 01 ’24. In the deal valued at $116.10 per share,8,148 shares were sold. As a result of this transaction, Arnst Thomas W now holds 0 shares worth roughly $0.0.
Then, MARK RICHARD J sold 14,000 shares, generating $1,385,720 in total proceeds. Upon selling the shares at $98.98, the Director now owns 33,303 shares.
Before that, Arbour Paola M sold 18,168 shares. Tenet Healthcare Corp. shares valued at $1,761,569 were divested by the EVP, Chief Information Officer at a price of $96.96 per share. As a result of the transaction, Arbour Paola M now holds 29,803 shares, worth roughly $3.65 million.
Wolfe Research upgraded its Tenet Healthcare Corp. [THC] rating to an Outperform from a a Peer perform in a research note published recently. A number of analysts have revised their coverage, including Barclays’s analysts, who began to cover the stock in early March with a ‘”an Overweight”‘ rating. Cantor Fitzgerald began covering THC with “an Overweight” recommendation on April 21, 2023. JP Morgan started covering the stock on April 19, 2023. It rated THC as “an Overweight”.
Price Performance Review of THC
On Monday, Tenet Healthcare Corp. [NYSE:THC] saw its stock jump 1.73% to $122.36. Over the last five days, the stock has gained 23.41%. Tenet Healthcare Corp. shares have risen nearly 61.92% since the year began. Nevertheless, the stocks have risen 78.73% over the past one year. While a 52-week high of $121.72 was reached on 05/06/24, a 52-week low of $51.04 was recorded on 01/05/24. SMA at 50 days reached $100.71, while 200 days put it at $79.01. A total of 1.25 million shares were traded, compared to the trading of 1.7 million shares in the previous session.
Levels Of Support And Resistance For THC Stock
The 24-hour chart illustrates a support level at 120.36, which if violated will result in even more drops to 118.35. On the upside, there is a resistance level at 123.38. A further resistance level may holdings at 124.39. The Relative Strength Index (RSI) on the 14-day chart is 78.81, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 16.68, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 0.09%. Stochastics %K at 97.24% indicates the stock is a selling.
The most recent change occurred on June 17, 2022 when Loop Capital began covering the stock and recommended ‘”a Buy”‘ rating along with a $80 price target.
