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. The stock was recently discussed on Yahoo Finance as it revealed that Tenet to Sell Two Hospitals and Enter into a Revenue Cycle Services Partnership with Adventist Health.
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Stocks Info
The company is listed on the NYSE and operates within the Medical Care Facilities industry segment. At the end of the last regular session, the stock closed at $95.56 and fluctuated between $96.18 as its day high and $93.06 as its day low. The current market capitalization of Tenet Healthcare Corp. is $9.56B. A total of 1.47 million shares were traded on the day, compared to an average of 1.04M shares.
Insider Activity
Furthermore, investors take into consideration insider trades when predicting a stock’s future trajectory. During the recent three months, THC has seen 0 BUY and 0 SELL insider trades, representing the acquisition of 0 and the disposition of 0 shares. Over the last 12 months, there were 47 BUYs and 30 SELLs from insiders. Insiders purchased 458,898 shares during that period but sold 208,104.
In the most recent transaction, Arnst Thomas W sold 17,000 shares of THC for 94.84 per share on Mar 01. After the transaction, the EVP, Chief Admin. Officer & GC now owns 8,148 company shares. In a previous transaction on Feb 15, Lynch Christopher S. sold 7,978 shares at 89.60 per share. THC shares that Director owns now total 25,620.
Among the insiders who sold shares, FISHER RICHARD W disposed of 2,100 shares on Feb 14 at a per-share price of $88.21. This resulted in the Director holding 20,127 shares of THC after the transaction. In another insider transaction, FISHER RICHARD W sold 1,000 shares at $68.22 per share on Nov 22. Company shares held by the Director now total 22,227.
It has been observed that price targets are rarely accurate, but they can exert some influence from time to time, and are often accepted as valuable in the market. In terms of 52-week highs and lows, THC has a high of $95.68 and a low of $49.76.
As of this writing, THC has an earnings estimate of $0 per share for the current quarter. EPS was calculated based on a consensus of 0 estimates, with a high estimate of $0 per share and a lower estimate of $0.
Balance Sheet Annually/Quarterly
An equity investor’s investment can be viewed on a balance sheet by looking at what assets and liabilities the company has. Investors can determine the company’s prospects by calculating its financial ratios based on this information. THC’s latest balance sheet shows that the firm has $2.36B in Cash & Short Term Investments as of fiscal 2021. There were $15.65B in debt and $5.11B in liabilities at the time. Its Book Value Per Share was $16.09, while its Total Shareholder’s Equity was $4.26B.
Analysts Opinion
There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities. Currently, 0 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 Buy with a score of 4.81.
