What is the Market's View on Tenet Healthcare Corp (THC) Stock's Price and Volume Trends Monday?

The market has been high on Tenet Healthcare Corp (THC) stock recently. THC gets a Bullish score from InvestorsObserver Stock Sentiment Indicator.

Tenet Healthcare Corp has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on THC!

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What is Stock Sentiment?

Sentiment is a very short-term indicator that is entirely technical. There is no information about the health of profitability of the underlying company in our sentiment score. As a technical indicator, news about the stock, or company, such as an earnings release or other event, could move the stock counter to the recent trend. Changes in price are generally the best indicator of sentiment for a particular stock. At its core, a stock's trend indicates whether current market sentiment is bullish or bearish. Investors must be bullish if a stock is trending upward, and are bearish if a stock is moving down. InvestorsObserver's Sentiment Indicator factors in both price changes and variations in volume. An increase in volume usually means a current trend is stengthening, while a drop in volume tends to signal a reversal to the ongoing trend. Our system also uses the options market in order to receive additional signals on current sentiments. We take into account the ratio of calls and puts for a stock since options allow an investor to bet on future changes in price.

What's Happening With THC Stock Today?

Tenet Healthcare Corp (THC) stock is trading at $66.56 as of 1:00 PM on Monday, Nov 20, a gain of $2.82, or 4.42% from the previous closing price of $63.74. The stock has traded between $62.70 and $67.51 so far today. Volume today is light. So far 1,107,999 shares have traded compared to average volume of 1,873,465 shares. To screen for more stocks like Tenet Healthcare Corp click here.

More About Tenet Healthcare Corp

Tenet Healthcare is a Dallas-based healthcare services organization. It operates a collection of hospitals (60 as of March 2022) and about 550 ambulatory surgery centers and other outpatient facilities across the U.S., primarily in the south. Through its Conifer segment, Tenet also provides revenue cycle management solutions. By adjusted EBITDA excluding grant income, hospitals accounted for about 55%, ambulatory services accounted for 35% and Conifer accounted for about 10% of Tenet in 2021. Click Here to get the full Stock Report for Tenet Healthcare Corp stock.