Overall market sentiment has been high on Community Health Systems Inc (CYH) stock lately. CYH receives a Bullish rating from InvestorsObserver Stock Sentiment Indicator.
Community Health Systems Inc has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on CYH!
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 CYH Stock Today?
Community Health Systems Inc (CYH) stock has gained 2.19% while the S&P 500 is down -0.06% as of 10:45 AM on Wednesday, Jan 5. CYH has gained $0.30 from the previous closing price of $13.67 on volume of 371,248 shares. Over the past year the S&P 500 has gained 29.46% while CYH has gained 91.90%. CYH earned $2.95 a per share in the over the last 12 months, giving it a price-to-earnings ratio of 4.73.
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More About Community Health Systems Inc
Community Health Systems is the largest publicly owned hospital operator in the United States. The company owns or leases over 100 general acute-care hospitals located in nonurban and urban markets. The company also owns four home health agencies and provides management and consulting services to independent hospitals. The firm derives revenue through a broad range of general and specialized hospital healthcare services and outpatient services.
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