Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. 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 $2.03 million following the completion of this transaction.
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 $0.83 million.
As published in their initiating research note from TD Cowen on February 26, 2025, Tenet Healthcare Corp [THC] has been a Buy and the price target has been revised to $175. As of December 16, 2024, Goldman has decreased its “Buy” rating to a “Neutral” for THC. Earlier on November 25, 2024, Wells Fargo downgraded its rating. Their new recommendation was “an Equal weight” for THC stock which previously was a “an Overweight”.
Analyzing THC Stock Performance
During the last five days, there has been a drop of approximately -4.93%. Over the course of the year, Tenet Healthcare Corp shares have jumped approximately 3.37%. Shares of the company reached a 52-week high of $146.99 on 02/03/25 and a 52-week low of $120.53 on 01/03/25. A 50-day SMA is recorded $133.18, while a 200-day SMA reached $144.20. Nevertheless, trading volume fell to 1.27 million shares from 1.72 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 127.85, which, if violated, would cause prices to drop to 125.22. In the upper region, resistance lies at 135.24. The next price resistance is at 140.01. RSI (Relative Strength Index) is 43.87 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -1.85, which suggests the price will decrease in the coming days. Percent R is at 66.04%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
