Tenet Healthcare Corp.’s filing revealed that its Director Fitzgerald Meghan acquired Company’s shares for reported $2.93 million on Aug 06 ’24. In the deal valued at $146.34 per share,20,000 shares were bought.
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Then, Fitzgerald Meghan sold 20,000 shares, generating $2,926,800 in total proceeds. Upon selling the shares at $146.34, the Director now owns 15,269 shares.
Before that, FISHER RICHARD W sold 1,400 shares. Tenet Healthcare Corp. shares valued at $185,136 were divested by the Director at a price of $132.24 per share. As a result of the transaction, FISHER RICHARD W now holds 16,227 shares, worth roughly $2.46 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 0.95% to $151.48. Over the last five days, the stock has gained 4.48%. Tenet Healthcare Corp. shares have risen nearly 100.45% since the year began. Nevertheless, the stocks have risen 105.06% 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 $138.54, while 200 days put it at $101.39.
Levels Of Support And Resistance For THC Stock
The 24-hour chart illustrates a support level at 148.83, which if violated will result in even more drops to 146.19. On the upside, there is a resistance level at 152.81. A further resistance level may holdings at 154.15. The Relative Strength Index (RSI) on the 14-day chart is 64.66, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 2.16, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 16.53%. Stochastics%K at 79.62% indicates the stock is a holding.
How much short interest is there in Tenet Healthcare Corp.?
A steep rise in short interest was recorded in Tenet Healthcare Corp. stocks on
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.
