Tenet Healthcare Corp.’s recently made public that its Principal Accounting Officer Ramsey R. Scott unloaded Company’s shares for reported $1.88 million on Sep 05 ’24. In the deal valued at $162.06 per share,11,599 shares were sold. As a result of this transaction, Ramsey R. Scott now holds 6,324 shares worth roughly $0.88 million.
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Then, FISHER RICHARD W sold 2,000 shares, generating $327,332 in total proceeds. Upon selling the shares at $163.67, the Director now owns 14,227 shares.
Before that, FISHER RICHARD W bought 2,000 shares. Tenet Healthcare Corp. shares valued at $327,335 were divested by the Director at a price of $163.67 per share.
KeyBanc Capital Markets initiated its Tenet Healthcare Corp. [THC] rating to an Overweight in a research note published on October 11, 2024; the price target was $200. A number of analysts have revised their coverage, including Robert W. Baird’s analysts, who began to cover the stock in late May with a ‘”an Outperform”‘ rating. Wolfe Research also remained covering THC and has increased its forecast on March 27, 2024 with a “an Outperform” recommendation from previously “Peer perform” rating. Barclays started covering the stock on March 06, 2024. It rated THC as “an Overweight”.
Price Performance Review of THC
On Friday, Tenet Healthcare Corp. [NYSE:THC] saw its stock fall -7.49% to $139.77. Over the last five days, the stock has lost -14.71%. Tenet Healthcare Corp. shares have risen nearly 84.95% since the year began. Nevertheless, the stocks have risen 159.31% over the past one year. While a 52-week high of $171.20 was reached on 09/23/24, a 52-week low of $51.04 was recorded on 01/05/24. SMA at 50 days reached $159.67, while 200 days put it at $125.90.
Levels Of Support And Resistance For THC Stock
The 24-hour chart illustrates a support level at 136.43, which if violated will result in even more drops to 133.09. On the upside, there is a resistance level at 143.76. A further resistance level may holdings at 147.74. The Relative Strength Index (RSI) on the 14-day chart is 30.60, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -6.51, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 90.70%. Stochastics %K at 28.65% 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 2024-10-15, dropping by -0.69 million shares to a total of 2.4 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 3.09 million shares. There was a decline of -28.74%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on April 21, 2023 when Cantor Fitzgerald began covering the stock and recommended ‘”an Overweight”‘ rating along with a $73 price target.
