Tenet Healthcare Corp.’s recently made public that its Director FISHER RICHARD W unloaded Company’s shares for reported $0.19 million on Jun 10 ’24. In the deal valued at $132.24 per share,1,400 shares were sold. As a result of this transaction, FISHER RICHARD W now holds 16,227 shares worth roughly $2.35 million.
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Then, KERREY J ROBERT sold 9,500 shares, generating $1,267,339 in total proceeds. Upon selling the shares at $133.40, the Director now owns 0 shares.
Before that, KERREY J ROBERT sold 14,322 shares. Tenet Healthcare Corp. shares valued at $1,919,238 were divested by the Director at a price of $134.01 per share. As a result of the transaction, KERREY J ROBERT now holds 46,403 shares, worth roughly $6.73 million.
Robert W. Baird initiated its Tenet Healthcare Corp. [THC] rating to an Outperform in a research note published on May 30, 2024; the price target was $153. A number of analysts have revised their coverage, including Wolfe Research’s analysts, who increased its forecast for the stock in late March from “a Peer perform” to “an Outperform”. Barclays began covering THC with “an Overweight” recommendation on March 06, 2024. Cantor Fitzgerald started covering the stock on April 21, 2023. It rated THC as “an Overweight”.
Price Performance Review of THC
On Monday, Tenet Healthcare Corp. [NYSE:THC] saw its stock jump 2.29% to $144.99. Over the last five days, the stock has lost -5.15%. Tenet Healthcare Corp. shares have risen nearly 91.86% since the year began. Nevertheless, the stocks have risen 95.01% over the past one year. While a 52-week high of $155.00 was reached on 07/29/24, a 52-week low of $51.04 was recorded on 01/05/24. SMA at 50 days reached $136.79, while 200 days put it at $99.06. A total of 2.39 million shares were traded, compared to the trading of 1.61 million shares in the previous session.
Levels Of Support And Resistance For THC Stock
The 24-hour chart illustrates a support level at 136.81, which if violated will result in even more drops to 128.63. On the upside, there is a resistance level at 150.07. A further resistance level may holdings at 155.15. The Relative Strength Index (RSI) on the 14-day chart is 57.03, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.60, which suggests price will go up in the next trading period. Percent R suggests that price movement has been low at 41.94%. Stochastics%K at 57.81% indicates the stock is a holding.
The most recent change occurred on April 19, 2023 when JP Morgan began covering the stock and recommended ‘”an Overweight”‘ rating along with a $72 price target.
