Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Tenet Healthcare Corp shares valued at $1,194,752 were sold by KERREY J ROBERT on Mar 11 ’25. At $125.43 per share, KERREY J ROBERT sold 9,525 shares. The insider’s holdings dropped to 27,378 shares worth approximately $3.68 million following the completion of this transaction.
Also, KERREY J ROBERT purchased 9,525 shares, netting a total of over 1,198,245 in proceeds.
Before that, HANEY CECIL D had sold 2,500 shares from its account. In a trade valued at $310,650, the Director traded Tenet Healthcare Corp shares for $124.26 each. Upon closing the transaction, the insider’s holdings decreased to 2,500 shares, worth approximately $1.62 million.
As published in their initiating research note from Morgan Stanley on March 26, 2025, Tenet Healthcare Corp [THC] has been an Overweight and the price target has been revised to $165. Analysts at TD Cowen started covering the stock with ‘”a Buy”‘ outlook in a report released in late February. Earlier on December 16, 2024, Goldman downgraded its rating. Their new recommendation was “a Neutral” for THC stock which previously was a “a Buy”.
Analyzing THC Stock Performance
During the last five days, there has been a surge of approximately 6.41%. Over the course of the year, Tenet Healthcare Corp shares have jumped approximately 6.50%. Shares of the company reached a 52-week high of $146.99 on 02/03/25 and a 52-week low of $117.00 on 02/28/25. A 50-day SMA is recorded $132.32, while a 200-day SMA reached $143.71.
Support And Resistance Levels for Tenet Healthcare Corp (THC)
According to the 24-hour chart, there is a support level at 132.60, which, if violated, would cause prices to drop to 130.77. In the upper region, resistance lies at 136.14. The next price resistance is at 137.84. RSI (Relative Strength Index) is 57.81 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 6.02, which suggests the price will increase in the coming days. Percent R is at 16.59%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
