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Director FISHER RICHARD W sold 1,400 shares of Tenet Healthcare Corp. [THC]

Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Tenet Healthcare Corp. shares valued at $185,136 were sold by FISHER RICHARD W on Jun 10 ’24. At $132.24 per share, FISHER RICHARD W sold 1,400 shares. The insider’s holdings dropped to 16,227 shares worth approximately $2.17 million following the completion of this transaction.

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Also, KERREY J ROBERT sold 9,500 shares, netting a total of over 1,267,339 in proceeds. Following the sale of shares at $133.40 each, the insider now holds 0 shares.

Before that, KERREY J ROBERT had sold 14,322 shares from its account. In a trade valued at $1,919,238, the Director traded Tenet Healthcare Corp. shares for $134.01 each. Upon closing the transaction, the insider’s holdings decreased to 14,322 shares, worth approximately $6.22 million.

As published in their initiating research note from Robert W. Baird on May 30, 2024, Tenet Healthcare Corp. [THC] has been an Outperform and the price target has been revised to $153. Analysts at Wolfe Research upgraded the stock from ‘”a Peer perform”‘ to ‘”an Outperform”‘ outlook in a report released in late March. As of March 06, 2024, Barclays has initiated its “an Overweight” rating for THC. Earlier on April 21, 2023, Cantor Fitzgerald initiated its rating. Their recommendation was “an Overweight” for THC stock.

Analyzing THC Stock Performance

During the last five days, there has been a drop of approximately -1.25%. Over the course of the year, Tenet Healthcare Corp. shares have jumped approximately 77.32%. Shares of the company reached a 52-week high of $142.35 on 06/12/24 and a 52-week low of $73.21 on 01/05/24. A 50-day SMA is recorded $127.88, while a 200-day SMA reached $90.71. Nevertheless, trading volume fell to 0.52 million shares from 0.57 million shares the previous day.

Support And Resistance Levels for Tenet Healthcare Corp. (THC)

According to the 24-hour chart, there is a support level at 133.60, which, if violated, would cause prices to drop to 131.35. In the upper region, resistance lies at 137.64. The next price resistance is at 139.43. RSI (Relative Strength Index) is 51.95 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -1.45, which suggests the price will decrease in the coming days. Percent R is at 51.59%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.

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