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Why Tenet Healthcare Shares Are Soaring 20.5% Today

TheMotleyFool

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Why Tenet Healthcare Shares Are Soaring 20.5% TodayPhoto, wide shot, wide-angle lens, Clinical research organization, sunset photo at golden hour, photo by Peter Lik: https://img.midjourneyapi.xyz/temp/02f7778c-d723-4fb3-bdef-fabb7e5fc9c8.png

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.

Image source: Getty Images.

Source Fool.com

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