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Strength Seen in Tenet Healthcare (THC): Stock Jumps 8.7%
October 14, 2016


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Tenet Healthcare Corp. (THC - Analyst Report) was a big mover last session, as the company saw its shares rise almost 9% on the day. The move came on solid volume with far more shares changing hands than in a normal session. This breaks the recent trend of the company, as the stock is now trading above the volatile price range of $20.70 to $22.66 since Sep 19.

In the last 30 days, the company has seen no estimate revision and the Zacks Consensus Estimate also remained unchanged. The recent price action is encouraging though, so make sure to keep a close watch on this firm in the near future.      

Tenet Healthcare currently holds a Zacks Rank #2 (Hold), while its Earnings ESP is positive.

Another well-ranked Medical-Hospitals stock is VCA Inc. (WOOF - Snapshot Report) , which has the same Zacks Rank as Tenet Healthcare. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

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