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Friday, December 2, 2022

The Street Is Finally Waking Up To Tenet Healthcare Corporation (NYSE: THC)

After Hours

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. After-hours trades for Tenet Healthcare Corporation (THC) shows that investor sentiment remained intact, with the stock’s consolidated last price rising by +$3.86, or +7.19%, to $57.51. Volume reached 15,371 shares, with price reaching a high of $56.87 and a low of $56.8. Earlier, Yahoo Finance discussed this stock as it revealed Tenet to Report its Third Quarter 2022 Results on October 20th.

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Stocks Info

Tenet Healthcare Corporation is listed on the NYSE as a member of the Healthcare sector and is a part of the Medical Care Facilities industry. At the end of the last regular session, the stock closed at $56.80 and fluctuated between $57.99 as its day high and $54.66 as its day low. The current market capitalization of Tenet Healthcare Corporation is $6.30B. A total of 1.51 million shares were traded on the day, compared to an average of 1.20M shares.

Insider Activity

Additionally, investors take into account insider trades when predicting how a stock will perform. During the recent three months, THC has seen 0 BUY and 3 SELL insider trades, representing the acquisition of 0 and the disposition of 44,205 shares. Over the last 12 months, there were 39 BUYs and 49 SELLs from insiders. Insiders purchased 797,312 shares during that period but sold 924,459.

In the most recent transaction, KERREY J ROBERT sold 36,766 shares of THC for 65.56 per share on Aug 11. After the transaction, the Director now owns 48,798 company shares. In a previous transaction on Jul 25, FISHER RICHARD W sold 7,439 shares at 62.92 per share. THC shares that Director owns now total 34,362.

Among the insiders who sold shares, MARK RICHARD J disposed of 6,000 shares on Mar 09 at a per-share price of $90.47. This resulted in the Director holding 39,785 shares of THC after the transaction. In another insider transaction, Rittenmeyer Ronald A sold 190,149 shares at $90.56 per share on Mar 03. Company shares held by the Executive Chairman now total 336,218.


It is more appealing for investors to invest in companies that pay dividends because dividends generate immediate cash flow and indicate a positive outlook for the company. THC’s most recent ex-dividend date was 03/13/2000 when it declared a $0.01 quarterly dividend that was paid in cash on 03/24/2000.

Though price targets are rarely accurate, they can exert some influence from time to time and were often accepted as valuable by the market. According to analysts who have offered 12-month price targets for THC in the last 3 months, the mean price target is $94.44 with high estimates of $135.00 and low estimates of $73.00. In terms of 52-week highs and lows, THC has a high of $92.65 and a low of $49.45.

As of this writing, THC has an earnings estimate of $1.28 per share for the current quarter. EPS was calculated based on a consensus of 7 estimates, with a high estimate of $1.36 per share and a lower estimate of $1.18. The company reported an EPS of $1.5 in the last quarter, which was 108.33% higher than expectations of $0.72.

Balance Sheet Annually/Quarterly

A balance sheet is a report that shows the company’s assets and liabilities. In addition, it shows how much equity investors have invested in the company. Investors can determine the company’s prospects by calculating its financial ratios based on this information.

Analysts Opinion

It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. Currently, 19 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for THC is Underweight with a score of 4.79. A total of 14 analysts rated the stock as Buy while 2 rated it as Overweight while 3 rated it as Hold. Among the other participants, 0 thought the stock was Underweight and 0 thought it should be Sold.

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