Health Management Associates Inc.
) was a big mover last session, as the company saw its shares rise
by nearly 6% on the day. The move came on solid volume too with far
more shares changing hands than in a normal session. This breaks
the recent near-flat trend of the company as the stock is now
trading above the roughly steady price range of $12.57 to $12.99
seen in the past month, which however, saw a sudden dip and
subsequent rise last week.
The company has a mixed track record when it comes to estimate
revisions. One estimate each has moved up and down in the past two
months. The Zacks Consensus Estimate however edged up over this
time frame. The recent price action is encouraging though, so be
sure to keep a close watch on this firm in the near future.
Health Management Associates currently has a Zacks Rank #3 (Hold)
Some better performing medical hospital stocks include
VCA Antech Inc.
Acadia Healthcare Company, Inc.
HCA Holdings, Inc.
). All these stocks carry a Zacks Rank #2 (Buy).
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