Tenet Healthcare Corporation THC was a big mover last session, as the company saw its shares rise nearly 9% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This stock, which remained volatile and traded within the range of $17.60–$19.61 in the past one-month time frame, witnessed a sharp increase yesterday.
The shares rose after Tenet Healthcare reported better-than-expected fourth-quarter results.
Tenet Healthcare has seen three negative estimate revisions over the past two months. The Zacks Consensus Estimate for the current quarter has also revised downward over the same time frame, suggesting there may be trouble down the road. So make sure to keep an eye on this stock going forward, to see if this recent move higher can last.
Tenet Healthcare currently has a Zacks Rank #4 (Sell) while its Earnings ESP is negative.
Tenet Healthcare Corporation Price and Consensus
A better ranked stock in the Medical – Hospital industry is HCA Holdings, Inc. HCA which carries a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
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