Momentum Is Strong For Tenet Healthcare Corp. (NYSE: THC)

After Hours

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours.

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Stocks Info

This NYSE-listed company operates within the Medical Care Facilities industry segment, falling under the Healthcare sector. The current market capitalization of Tenet Healthcare Corp. is $11.95B. A total of 1.25 million shares were traded on the day, compared to an average of 1.28M shares.

In the most recent transaction, Arnst Thomas W sold 8,148 shares of THC for 116.10 per share on May 01 ’24. After the transaction, the EVP, Chief Admin. Officer & GC now owns 0 company shares. In a previous transaction on Mar 12 ’24, MARK RICHARD J sold 14,000 shares at 98.98 per share. THC shares that Director owns now total 33,303.

Among the insiders who sold shares, Arbour Paola M disposed of 18,168 shares on Mar 06 ’24 at a per-share price of $96.96. This resulted in the EVP, Chief Information Officer holding 29,803 shares of THC after the transaction. In another insider transaction, Arnst Thomas W sold 17,000 shares at $94.84 per share on Mar 01 ’24. Company shares held by the EVP, Chief Admin. Officer & GC now total 8,148.

Even though price targets are rarely accurate, they do tend to exert some kind of influence from time to time and are often considered important by markets. In terms of 52-week highs and lows, THC has a high of $121.72 and a low of $51.04.

Balance Sheet Annually/Quarterly

In a balance sheet, you can see what assets and liabilities the company has, as well as how much equity investors have invested. These figures can be used to calculate a company’s financial ratios to give investors a better idea of its prospects. 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 $35.35, while its Total Shareholder’s Equity was $4.26B.

Analysts Opinion

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. 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 4.82.

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