The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Tenet Healthcare Corp shares valued at $623,744 were sold by Foo Lisa Y on Oct 31 ’24. At $155.94 per share, Foo Lisa Y sold 4,000 shares. The insider’s holdings dropped to 15,566 shares worth approximately $1.96 million following the completion of this transaction.
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
Also, Foo Lisa Y purchased 4,000 shares, netting a total of over 623,727 in proceeds.
Before that, Ramsey R. Scott had sold 11,599 shares from its account. In a trade valued at $1,879,734, the Principal Accounting Officer traded Tenet Healthcare Corp shares for $162.06 each. Upon closing the transaction, the insider’s holdings decreased to 11,599 shares, worth approximately $0.79 million.
Analysts at Goldman downgraded the stock from ‘”a Buy”‘ to ‘”a Neutral”‘ outlook in a report released in mid December. As of November 25, 2024, Wells Fargo has decreased its “an Overweight” rating to a “an Equal weight” for THC. Earlier on November 22, 2024, Raymond James downgraded its rating. Their new recommendation was “an Outperform” for THC stock which previously was a “a Strong buy”.
Analyzing THC Stock Performance
During the last five days, there has been a drop of approximately -7.14%. Over the course of the year, Tenet Healthcare Corp shares have jumped approximately 66.34%. Shares of the company reached a 52-week high of $171.20 on 09/23/24 and a 52-week low of $73.21 on 01/05/24. A 50-day SMA is recorded $150.48, while a 200-day SMA reached $137.51. Nevertheless, trading volume fell to 1.37 million shares from 1.22 million shares the previous day.
Support And Resistance Levels for Tenet Healthcare Corp (THC)
According to the 24-hour chart, there is a support level at 124.28, which, if violated, would cause prices to drop to 122.87. In the upper region, resistance lies at 128.06. The next price resistance is at 130.43. RSI (Relative Strength Index) is 25.06 on the 14-day chart, showing oversold technical sentiment. Moving Average Convergence Divergence (MACD) is at -8.17, which suggests the price will decrease in the coming days. Percent R is at 97.62%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
