Tenet Healthcare Corp’s filing revealed that its EVP, Commercial Ops Foo Lisa Y unloaded Company’s shares for reported $0.62 million on Oct 31 ’24. In the deal valued at $155.94 per share,4,000 shares were sold. As a result of this transaction, Foo Lisa Y now holds 15,566 shares worth roughly $2.24 million.
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Then, Foo Lisa Y bought 4,000 shares, generating $623,727 in total proceeds.
Before that, Ramsey R. Scott sold 11,599 shares. Tenet Healthcare Corp shares valued at $1,879,734 were divested by the Principal Accounting Officer at a price of $162.06 per share. As a result of the transaction, Ramsey R. Scott now holds 6,324 shares, worth roughly $0.91 million.
Raymond James downgraded its Tenet Healthcare Corp [THC] rating to an Outperform from a a Strong buy in a research note published recently. A number of analysts have revised their coverage, including KeyBanc Capital Markets’s analysts, who began to cover the stock in mid October with a ‘”an Overweight”‘ rating. Robert W. Baird began covering THC with “an Outperform” recommendation on May 30, 2024. Wolfe Research revised its rating on March 27, 2024. It rated THC as “an Outperform” which previously was an “a Peer perform”.
Price Performance Review of THC
On Friday, Tenet Healthcare Corp [NYSE:THC] saw its stock fall -2.90% to $143.63. Over the last five days, the stock has lost -7.54%. Tenet Healthcare Corp shares have risen nearly 90.06% since the year began. Nevertheless, the stocks have risen 112.06% over the past one year. While a 52-week high of $171.20 was reached on 09/23/24, a 52-week low of $65.90 was recorded on 01/05/24. SMA at 50 days reached $158.87, while 200 days put it at $133.31.
Levels Of Support And Resistance For THC Stock
The 24-hour chart illustrates a support level at 141.27, which if violated will result in even more drops to 138.91. On the upside, there is a resistance level at 145.81. A further resistance level may holdings at 147.99. The Relative Strength Index (RSI) on the 14-day chart is 36.04, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -11.00, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 91.51%. Stochastics %K at 12.40% indicates the stock is a buying.
How much short interest is there in Tenet Healthcare Corp?
A steep rise in short interest was recorded in Tenet Healthcare Corp stocks on 2024-10-31, dropping by -0.57 million shares to a total of 2.41 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 2.97 million shares. There was a decline of -23.54%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on March 06, 2024 when Barclays began covering the stock and recommended ‘”an Overweight”‘ rating along with a $113 price target.
