22.80 -0.07 (-0.31%)
After hours: 7:00PM EDT
|Bid||22.24 x 800|
|Ask||23.63 x 900|
|Day's Range||21.61 - 23.00|
|52 Week Range||16.61 - 39.74|
|Beta (3Y Monthly)||2.18|
|PE Ratio (TTM)||N/A|
|Earnings Date||Aug 5, 2019 - Aug 9, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||28.80|
Glenview Capital's Larry Robbins speaks at the Sohn Conference on his insurance picks and the stocks he's shorting.
Ana Gupte, SVB Leerink senior analyst, joins "The Exchange" to discuss why managed health care stocks are facing pressure.
The hospitals' administration of leave policy discriminated against disabled and pregnant employees, according to a lawsuit filed by the U.S. Equal Employment Opportunity Commission.
Tenet Healthcare Corp NYSE:THCView full report here! Summary * Perception of the company's creditworthiness is negative and weakening * Bearish sentiment is low and declining Bearish sentimentShort interest | PositiveShort interest is low for THC with fewer than 5% of shares on loan. Additionally, this was an improvement in sentiment as investors who seek to profit from falling equity prices reduced their short positions on May 17. Money flowETF/Index ownership | NeutralETF activity is neutral. The net inflows of $2.25 billion over the last one-month into ETFs that hold THC are not among the highest of the last year and have been slowing. Economic sentimentPMI by IHS Markit | NeutralAccording to the latest IHS Markit Purchasing Managers' Index (PMI) data, output in the Healthcare sector is rising. The rate of growth is weak relative to the trend shown over the past year, however. Credit worthinessCredit default swap | NegativeThe current level displays a negative indicator with a weakening bias over the past 1-month. THC credit default swap spreads are rising towards their highest levels for the past 1 year, which indicates the market's more negative perception of the company's credit worthiness.Please send all inquiries related to the report to firstname.lastname@example.org.Charts and report PDFs will only be available for 30 days after publishing.This document has been produced for information purposes only and is not to be relied upon or as construed as investment advice. To the fullest extent permitted by law, IHS Markit disclaims any responsibility or liability, whether in contract, tort (including, without limitation, negligence), equity or otherwise, for any loss or damage arising from any reliance on or the use of this material in any way. Please view the full legal disclaimer and methodology information on pages 2-3 of the full report.
Investors have it all wrong about the potential for Medicare for All to spell trouble for health insurers and hospital companies, according to Robbins.
Memphis’ health sciences university and one of its largest hospitals added key department directors in late April.
Hedge funds and other investment firms that we track manage billions of dollars of their wealthy clients' money, and needless to say, they are painstakingly thorough when analyzing where to invest this money, as their own wealth also depends on it. Regardless of the various methods used by elite investors like David Tepper and David […]
The facility in Surprise will offer inpatient and outpatient treatment for non-court-ordered patients, adolescents, adults, geriatric, professionals and first responders.
DALLAS (AP) _ Tenet Healthcare Corp. (THC) on Monday reported a first-quarter loss of $19 million, after reporting a profit in the same period a year earlier. The results exceeded Wall Street expectations.
Stocks rose Monday at the start of week packed with economic data releases and several major company quarterly reports.
DALLAS-- -- Tenet reported a net loss from continuing operations attributable to Tenet common shareholders of $27 million or $0.26 per diluted share in the first quarter of 2019 due in part to a $47 million pre-tax loss from the extinguishment of debt or $0.45 per diluted share. Adjusted diluted earnings per share from continuing operations were $0.54 in the first quarter of 2019, above the high end ...
Another day of lethargy and uncertainty, with the S&P 500 essentially breaking even on Tuesday. Volume wasn't wild, but it was above the recent average, suggesting some traders are sneaking out of trades while things are quiet.Source: Allan Ajifo via Wikimedia (Modified)There were still major movers though. Netflix (NASDAQ:NFLX) was one of them, up a little more than 3% headed into its earnings report. Last quarter's results were good, but its outlook was lackluster. However, NFLX stock held onto most of its regular-hours gains during the after-hours session.At the other end of the spectrum, Tenet Healthcare (NYSE:THC) led a herd of healthcare plan stocks lower, giving up more than 11% of its value on a combination of profit-taking and worries about the future of healthcare with either party in the White House.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 10 S&P 500 Stocks to Weather the Earnings Storm Neither are compelling prospects headed into today's session though. Rather, it's the stock charts of Western Digital (NASDAQ:WDC), UnitedHealth Group (NYSE:UNH) and Bank of America (NYSE:BAC) that merit the closest looks. Here's what to look for. Bank of America (BAC)Bank of America is a name we've taken several looks at in recent weeks, as it continues to chip away at a technical ceiling. As of our last look on the last day of February, it hadn't happened yet, but BAC was once again close to clearing resistance at $29.75.That's happened in the meantime, but BofA isn't over its final hump just yet. The shape of Tuesday's bar, however, is subtly bullish in that it implies the bears can't keep BAC stock down, and the bulls are willing to buy en masse on big dips. Click to Enlarge * Notice on the daily chart how yesterday's open fairly deep in the red was almost entirely wiped away by the day's end. * Also notice on the daily chart that the bulls poured in on Friday and Tuesday. While no major progress was made, the market tipped its hand. * The key, of course, is still clearing the new technical ceiling at $30.17, where BAC stock has peaked twice since mid-March. UnitedHealth Group (UNH)UnitedHealth Group might ring a bell. We've warned several times that the stock was rocking its way into trouble, and the resistance found at key moving average lines late last month only exacerbated the risks.The worst-case scenario has been realized in the meantime. That is, the last bastion of technical support has been obliterated … and in the worst way possible. The shape of Tuesday's bar opens the door to the possibility of a rebound, but if that effort crumbles, there's little left that will be able to prop UNH stock up. * 10 Dividend Growth Stocks You Can't Miss Click to Enlarge * On Friday, UnitedHealth shares fell under what would have ideally been a floor that tagged the December and March lows. It looked like the bulls would draw a line in the sand there, but they clearly didn't. * Yesterday was a bearish day, albeit not the worst kind. The worst kind would have happened after a prolonged rally. * The volume spike that accompanied yesterday's setback often indicates a capitulation, where the last of the sellers are flushed out and the first of the bargain hunters flood in. It could take a few days to determine if that's the way things are going to pan out though. Getting back above that technical floor will be the key. Western Digital (WDC)In late February, we pointed out Western Digital shares were acting like they were in recovery mode. Although the effort may have only been to close a gap, that action had the potential to put a bigger recovery move into place.That's exactly how things have taken shape in the meantime. While the bulls and the bears have continued to grapple even after closing the gap, yesterday's big gain may have dealt a decisive blow to the bearish pressure. It also pushed WDC stock above a key technical hurdle. Click to Enlarge * Although the gap has been closed, the rally didn't follow through straight-away. But, the slide back to the 50-day moving average line (highlighted) and push up and off of it may actually lay the better foundation. * The big win on Tuesday was the break above the white 200-day moving average line at $53.16. This is the first time Western Digital has been above it since the middle of 2018. * Zooming out to the weekly chart, it's easy to see WDC stock is no stranger to major moves once the 200-day moving average line is crossed.As of this writing, James Brumley did not hold a position in any of the aforementioned securities. You can learn more about James at his site, jamesbrumley.com, or follow him on Twitter, at @jbrumley. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Stocks to Buy for Spring Season Growth * This Is How You Beat Back a Bear Market * 7 Dental Stocks to Buy That Will Make You Smile Compare Brokers The post 3 Big Stock Charts for Wednesday: Western Digital, UnitedHealth Group and Bank of America appeared first on InvestorPlace.
WellCare's (WCG) unit inks a value-based deal to introduce the Hepatitis C Center of Excellence program for check-up and treatment of Medicaid members.
It is doubtless a positive to see that the Tenet Healthcare Corporation (NYSE:THC) share price has gained some 38% in the last three months. But over the last half decade, the stock has not performed well. You would have d...
U.S. companies that use non-standard numbers to calculate executive compensation are overpaying their top managers, according to a new research report.