Tenet Healthcare Corp’s recently made public 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 $1.96 million.
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 $0.79 million.
A number of analysts have revised their coverage, including Goldman’s analysts, who decreased its forecast for the stock in mid December from “a Buy” to “a Neutral”. Wells Fargo also remained covering THC and has decreased its forecast on November 25, 2024 with a “an Equal weight” recommendation from previously “an Overweight” rating. Raymond James revised its rating on November 22, 2024. It rated THC as “an Outperform” which previously was an “a Strong buy”.
Price Performance Review of THC
On Monday, Tenet Healthcare Corp [NYSE:THC] saw its stock jump 2.41% to $125.61. Over the last five days, the stock has lost -1.84%. Tenet Healthcare Corp shares have fallen nearly -0.49% since the year began. Nevertheless, the stocks have risen 69.35% over the past one year. While a 52-week high of $171.20 was reached on 01/02/25, a 52-week low of $73.21 was recorded on 01/03/25. SMA at 50 days reached $144.11, while 200 days put it at $138.86.
Levels Of Support And Resistance For THC Stock
The 24-hour chart illustrates a support level at 123.33, which if violated will result in even more drops to 121.04. On the upside, there is a resistance level at 127.33. A further resistance level may holdings at 129.04. The Relative Strength Index (RSI) on the 14-day chart is 34.52, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -3.32, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 72.01%. Stochastics %K at 14.15% 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 2024-12-13, growing by 0.6 million shares to a total of 2.68 million shares. Yahoo Finance data shows the prior-month short interest on 2024-11-15 was 2.08 million shares. There was a rise of 22.52%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on October 11, 2024 when KeyBanc Capital Markets began covering the stock and recommended ‘”an Overweight”‘ rating along with a $200 price target.
