Why Tenet Healthcare Shares Are Rallying 14.2% Today
After a sell-off that's seen its shares drop from over $20 in July to below $13 earlier this month, news that a hedge fund has acquired a 5.7% stake sent shares of Tenet Healthcare (NYSE: THC) soaring 14.2% at 2:00 p.m. EDT today.
On Aug. 7, Tenet Healthcare reported second-quarter financial results that were anything but encouraging. In the quarter, the company's net revenue declined 1.4% to $4.8 billion, and its net loss expanded 19.6%, to $55 million, or $0.55 per share. On an adjusted basis, the company's net loss per share was $0.17. These figures were worse than investors were looking for, and shares were punished as a result.
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Source: Fool.com
Tenet Healthcare Aktie
224,00 €
0,00 %
Die Tenet Healthcare Aktie ist ein klarer Community-Favorit: Nur Buy-Einschätzungen, keine Sell-Einschätzungen.
Ein überraschend negatives Potenzial von -0.89% für Tenet Healthcare, trotz eines Kursziels von 222 €, das unter 224.0 € liegt.
