Tenet Healthcare Corp.’s recently made public that its Director FISHER RICHARD W unloaded Company’s shares for reported $0.33 million on Aug 27 ’24. In the deal valued at $163.67 per share,2,000 shares were sold. As a result of this transaction, FISHER RICHARD W now holds 14,227 shares worth roughly $2.36 million.
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Then, FISHER RICHARD W bought 2,000 shares, generating $327,335 in total proceeds.
Before that, Arbour Paola M sold 8,377 shares. Tenet Healthcare Corp. shares valued at $1,306,812 were divested by the EVP, Chief Information Officer at a price of $156.00 per share. As a result of the transaction, Arbour Paola M now holds 21,426 shares, worth roughly $3.55 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 Friday, Tenet Healthcare Corp. [NYSE:THC] saw its stock jump 0.71% to $165.84. Over the last five days, the stock has gained 0.80%. Tenet Healthcare Corp. shares have risen nearly 119.45% since the year began. Nevertheless, the stocks have risen 111.50% over the past one year. While a 52-week high of $165.58 was reached on 08/30/24, a 52-week low of $51.04 was recorded on 01/05/24. SMA at 50 days reached $145.10, while 200 days put it at $108.78.
Levels Of Support And Resistance For THC Stock
The 24-hour chart illustrates a support level at 163.74, which if violated will result in even more drops to 161.64. On the upside, there is a resistance level at 167.01. A further resistance level may holdings at 168.18. The Relative Strength Index (RSI) on the 14-day chart is 74.89, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 4.88, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 1.54%. Stochastics %K at 92.81% 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 2024-08-15, dropping by -0.29 million shares to a total of 3.3 million shares. Yahoo Finance data shows the prior-month short interest on 2024-07-15 was 3.59 million shares. There was a decline of -8.82%, 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.
