The Street Is Finally Waking Up To Tenet Healthcare Corp. (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. Earlier, Yahoo Finance discussed this stock as it revealed Tenet to Sell Two Hospitals and Enter into a Revenue Cycle Services Partnership with Adventist Health.

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Stocks Info

Tenet Healthcare Corp. is listed on the NYSE as a member of the Healthcare sector and is a part of the Medical Care Facilities industry. The current market capitalization of Tenet Healthcare Corp. is $9.87B. A total of 1.5 million shares were traded on the day, compared to an average of 1.08M shares.

In the most recent transaction, Arbour Paola M sold 18,168 shares of THC for 96.96 per share on Mar 06 ’24. After the transaction, the EVP, Chief Information Officer now owns 29,803 company shares. In a previous transaction on Mar 01 ’24, Arnst Thomas W sold 17,000 shares at 94.84 per share. THC shares that EVP, Chief Admin. Officer & GC owns now total 8,148.

Among the insiders who sold shares, Lynch Christopher S. disposed of 7,978 shares on Feb 15 ’24 at a per-share price of $89.60. This resulted in the Director holding 25,620 shares of THC after the transaction. In another insider transaction, FISHER RICHARD W sold 2,100 shares at $88.21 per share on Feb 14 ’24. Company shares held by the Director now total 20,127.

Though price targets are rarely accurate, they can exert some influence from time to time and were often accepted as valuable by the market. In terms of 52-week highs and lows, THC has a high of $100.07 and a low of $49.76.

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. 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

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, 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.

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