Why Shares of Nutex Health Jumped on Friday
Shares of Nutex Health (NASDAQ: NUTX) were up more than 12% Friday afternoon after being up as much as 24% earlier in the day. The company provides technology-driven healthcare management and operates physician networks and 19 for-profit micro-hospitals across eight states. Its shares are still down more than 70% so far this year.
There were two reasons for the stock's rise. The healthcare company's shares bounced back from an overcorrection after the company announced a first-quarter earnings per share (EPS) loss of $0.02 on Monday.
The other reason for the surge was that on Thursday, Nutex reported that director John J. Waters bought 50,000 shares of the company at $0.469 a share and now owns 196,292 shares. The buy wasn't that substantial, at only $23,450, but the insider purchase did show confidence in the stock. The bounce back that was already in effect was just helped by the insider buy.
Source Fool.com
Waters Corp. Stock
With 18 Buy predictions and not the single Sell prediction the community is currently very high on Waters Corp..
As a result the target price of 369 € shows a slightly positive potential of 2.84% compared to the current price of 358.8 € for Waters Corp..
