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Tenet Healthcare (THC) in Focus: Stock Moves 8.5% Higher

Zacks Equity Research

Tenet Healthcare Corp. 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 breaks the recent trend of the company, as the stock is now trading above the volatile price range of $12.95 to $14.10 in the past one-month time frame.

The move came after the company received positive reviews from the analysts at Citigroup.

The company has seen nine negative estimate revisions in the past few months, while its Zacks Consensus Estimate for the current quarter has also moved lower over the past few months, 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 #3 (Hold) while its Earnings ESP is negative.  

Tenet Healthcare Corporation Price

Tenet Healthcare Corporation Price | Tenet Healthcare Corporation Quote

A better-ranked stock in the Medical sector is Akari Therapeutics PLC AKTX, which currently 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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