Overall market sentiment has been neutral on Tenet Healthcare Corp (THC) stock lately. THC receives a Neutral rating from InvestorsObserver's Stock Sentiment Indicator.
What is Stock Sentiment?
When making investment decisions, sentiment gives a good overview of what stocks investors currently favor. Sentiment incorporates short-term technical analysis into its score and does not encompass any fundamental analysis such as profitability of the company. This means that earnings updates and other news can greatly impact overall sentiment.
Price action is generally the best indicator of sentiment. For a stock to go up, investors must feel good about it. Similarly, a stock that is in a downtrend must be out of favor.
InvestorsObserver’s Sentiment Indicator considers price action and recent trends in volume. Increasing volumes often mean that a trend is strengthening, while decreasing volumes can signal that a reversal could come soon.
The options market is another place to get signals about sentiment. Since options allow investors to place bets on the price of a stock, we consider the ratio of calls and puts for stocks where options are available.
What's Happening With THC Stock Today?
Tenet Healthcare Corp (THC) stock is trading at $23.18 as of 11:27 AM on Monday, Sep 28, an increase of $0.30, or 1.31% from the previous closing price of $22.88. The stock has traded between $23.01 and $24.10 so far today. Volume today is less active than usual. So far 419,903 shares have traded compared to average volume of 1,328,243 shares.
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More About Tenet Healthcare Corp
Tenet Healthcare is a Dallas-based healthcare provider organization operating a collection of hospitals (65) and many outpatient facilities, including ambulatory surgery centers, urgent care centers, freestanding imaging centers, freestanding emergency rooms/micro-hospitals, and physician practices across the United States. Tenet enjoys the number-one ambulatory surgical center position nationwide, too, through its nearly full stake in United Surgical Partners International.
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