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Tenet Healthcare (THC) Soars: Stock Adds 9.7% in Session
Tenet Healthcare Corporation (THC - Free Report) was a big mover last session, as the company saw its shares rise nearly 10% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. The stock picked up sharply from the near-flat trend of $22.90 to $24.51 in the past one month time frame.
The move came after the company reported better-than-expected first-quarter 2018 results.
The company has seen a mixed track record when it comes to estimate revision of one increase and no decrease over the past few weeks, while the Zacks Consensus Estimate for the current quarter hasn’t been in a trend either. 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 has a Zacks Rank #2 (Buy) while its Earnings ESP is positive.
Tenet Healthcare Corporation Price
Tenet Healthcare Corporation Price | Tenet Healthcare Corporation Quote
Another stock worth considering in the Medical - Hospital industry is Acadia Healthcare Company, Inc. (ACHC - Free Report) , which also carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Is THC going up? Or down? Predict to see what others think:Up or Down
5 Medical Stocks to Buy Now
Zacks names 5 companies poised to ride a medical breakthrough that is targeting cures for leukemia, AIDS, muscular dystrophy, hemophilia, and other conditions.
New products in this field are already generating substantial revenue and even more wondrous treatments are in the pipeline. Early investors could realize exceptional profits.
Click here to see the 5 stocks >>