Tenet Healthcare Corp.’s recently made public that its EVP, Chief Information Officer Arbour Paola M unloaded Company’s shares for reported $1.31 million on Aug 16 ’24. In the deal valued at $156.00 per share,8,377 shares were sold. As a result of this transaction, Arbour Paola M now holds 21,426 shares worth roughly $3.51 million.
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Then, Sutaria Saumya sold 86,227 shares, generating $13,314,523 in total proceeds. Upon selling the shares at $154.41, the Chairman & CEO now owns 13,773 shares.
Before that, Sutaria Saumya sold 13,773 shares. Tenet Healthcare Corp. shares valued at $2,129,246 were divested by the Chairman & CEO at a price of $154.60 per share. As a result of the transaction, Sutaria Saumya now holds 0 shares, worth roughly $0.0.
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 -0.52% to $163.68. Over the last five days, the stock has gained 4.80%. Tenet Healthcare Corp. shares have risen nearly 116.59% since the year began. Nevertheless, the stocks have risen 121.58% over the past one year. While a 52-week high of $165.58 was reached on 08/23/24, a 52-week low of $51.04 was recorded on 01/05/24. SMA at 50 days reached $142.91, while 200 days put it at $106.58.
Levels Of Support And Resistance For THC Stock
The 24-hour chart illustrates a support level at 162.24, which if violated will result in even more drops to 160.80. On the upside, there is a resistance level at 165.10. A further resistance level may holdings at 166.51. The Relative Strength Index (RSI) on the 14-day chart is 74.37, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 7.61, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 9.18%. Stochastics %K at 94.01% 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.
