Tenet Healthcare Corp.’s recently made public that its Chairman & CEO Sutaria Saumya unloaded Company’s shares for reported $13.31 million on Aug 14 ’24. In the deal valued at $154.41 per share,86,227 shares were sold. As a result of this transaction, Sutaria Saumya now holds 13,773 shares worth roughly $2.15 million.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
Then, Sutaria Saumya sold 13,773 shares, generating $2,129,246 in total proceeds. Upon selling the shares at $154.60, the Chairman & CEO now owns 0 shares.
Before that, Arbour Paola M bought 8,377 shares. Tenet Healthcare Corp. shares valued at $1,306,812 were divested by the Officer at a price of $156.00 per share.
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 fall -0.31% to $156.18. Over the last five days, the stock has gained 3.10%. Tenet Healthcare Corp. shares have risen nearly 106.67% since the year began. Nevertheless, the stocks have risen 119.23% over the past one year. While a 52-week high of $157.60 was reached on 08/16/24, a 52-week low of $51.04 was recorded on 01/05/24. SMA at 50 days reached $140.61, while 200 days put it at $103.93.
Levels Of Support And Resistance For THC Stock
The 24-hour chart illustrates a support level at 154.71, which if violated will result in even more drops to 153.23. On the upside, there is a resistance level at 157.18. A further resistance level may holdings at 158.17. The Relative Strength Index (RSI) on the 14-day chart is 69.32, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 5.82, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 5.94%. Stochastics%K at 94.60% indicates the stock is a selling.
How much short interest is there in Tenet Healthcare Corp.?
A steep rise in short interest was recorded in Tenet Healthcare Corp. stocks on 2024-07-31, dropping by -1.45 million shares to a total of 3.15 million shares. Yahoo Finance data shows the prior-month short interest on 2024-06-28 was 4.6 million shares. There was a decline of -45.91%, which implies that there is a negative sentiment for the stock.
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.
