On Nov 18, Andrews Audrey T., EVP & General Counsel sold 65,360 shares of Tenet Healthcare Corporation (NYSE: THC), with the average selling price of the stock being $30.59 per share. The total amount realized from this sold $1,999,362. A document was filed with the Securities and Exchange Commission to notify the public about the sold of the shares.
In addition to that, 10% Owner – GLENVIEW CAPITAL MANAGEMENT, L bought an extra 39,665 shares of this stock in a transaction that took place a day before, on Oct 03, with a share bought at an average of $20.50 and a total of $813,093 was realized from this transaction. After the transaction, the 10% Owner – GLENVIEW CAPITAL MANAGEMENT, L was left with 19,708,959 shares of the company’s stock, which is currently worth around $404033659.5.
The recent price movement of THC means that it is now down by -6.42% from its 52-week high and 114.44% up against its 52-week low prices. Over the past one week, the price volatility of THC stands at 2.71% while the volatility over the past one month is 2.39%. The beta score for this stock is 1.78. A beta score below 1 means that the stock has a low volatility while above 1 signifies that a stock is highly volatile at that particular moment, a data that traders use to keep tabs on their investments.
The company on 11/04/2019 published its latest quarterly earnings, with the report showing that the company recorded 0.51 earnings per share (EPS) during that period. This report was above the expectations of analysts of 0.28 by 0.23. The revenue by the firm was 4.76B for the quarter.
The shares of Tenet Healthcare Corporation (THC) gained by 0.68%, leading to a gain of $0.25 per share, and saw THC end the trading session at $36.84 on Wednesday 01/15/20. THC started the trading session at $36.64, before reaching a daily high of $37.18. It wasn’t able to sustain that growth though and soon jumped to hit a daily low of $36.38.
The trading volume on Wednesday stood at 1280156, which was below the stock’s 3-month average volume of 1.10 million shares, out of a total 102.41M shares. As the price of the stock climbed, the market valuation of the company gained to 3.84 billion.
The shares of The Hartford Financial Services Group Inc. (NYSE: HIG) went down by -0.27% by the end of the recent trading session. This movement saw its price plunge to close at $59.60, which was lower than the previous closing price of $59.76. Over the past one week, the price of HIG has slipped by -1.10%, while it has recorded a loss of -2.41% over the past one month. Its three-month performance saw HIG gain 0.18% while its six-month performance saw it surge by 3.36%. The situation is different though over the past one year, as the stock price went up by 32.77%, while its year-to-date (YTD) price performance slipped by -1.93%. The stock price has gone up by +5.73% compared to its 90-day low, while it is down -5.02% compared to its 90-day high price.
Let’s take a look at its short, medium and long-term indicators. Composite Indicators shows that Trendspotter rated the stock as a Sell. In the short-term, the stock has a 20-day average volume of 1,696,620 shares, with the short-term indicators averagely rating the stock as a Hold. A look at its medium-term indicators reveals that it has a 50-Day average volume of 1,820,606 shares and the indicators have an average rating of 50% Buy. The last indicators, the long-term see HIG stock with a 100-Day average volume of 1,801,567 shares, giving it an average rating of 50% Buy. A look at the general picture of all short, medium and long-term indicators leaves HIG with an average rating of 24% Buy.
Several brokerage firms sent out their reports HIG stock not long ago. In its report sent out on December 05, 2019, RBC Capital Mkts lowered its ratings on HIG from a Outperform to a Sector Perform. In an earlier report on October 17, 2019, Evercore ISI Upgrade the stock from a In-line to a Outperform. Goldman meanwhile in its report on May 29, 2019 Upgrade its rating of the stock from a “Buy” to “Buy”.
In related news to the company’s stock, around 93.70% shares are being held by institutional investors. In a recent SEC filing, the company revealed that 703 institutions currently hold the HIG stock. In the last quarter, a 331,552,949 HIG shares were in the possession of institutions. On the other hand, the company recorded 68 new institutions who bought it their stock, while 52 institutions sold their entire HIG reserve. Of the current institutions investing in the stock, 284 increased their investment while 291 decreased their investment in the stock.