Tenet Hospital investor buys 1 million more shares

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Bobby Raines 12/20/2013

Glenview Capital declared an 11,919,339 share stake in Tenet Healthcare ( THC ) on Nov. 20. Now a beneficial owner of the company, Glenview bought an additional 1,000,000 shares on Dec. 17. At prices between $39.76 and $40.73, Glenview paid a total of $40,121,676 for the new shares.

IK-> The technicals for THC ($39.86 up 0.02) are bearish with a downward trend. Recent support has been around $38.77 and recent resistance has been around $41.26. Standard & Poor's has a four STARs (out of five) rating on the stock. Look at the Feb. 30/35 bull-put spread for a 35-cent credit. That's a 7.53% return and the stock has to fall 12.2% to cause a problem.  [InvestorsKeyhole, Various news and data services]



The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.

Originally published on InvestorsObserver.com


This article appears in: Investing , Options

Referenced Stocks: THC

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