Why Tenet Healthcare Shares Are Soaring 20.5% Today
After Dr. Anthony Fauci, director of the National Institute of Allergy and Infectious Diseases, said new COVID-19 cases are nearing their peak and hospitalizations could slow, shares of Tenet Healthcare (NYSE: THC) skyrocketed 20.5% as of 12:30 p.m. EDT on Wednesday.
The coronavirus has been diagnosed in 1.45 million people worldwide, including 400,000 Americans. Respiratory complications caused by COVID-19 have resulted in over 40,000 hospitalizations in the U.S., and unfortunately nearly 13,000 deaths as of Wednesday, according to the Johns Hopkins University School of Medicine.
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Source Fool.com
