Weakness Seen in Concord Medical Services (CCM): Stock Tumbles 9.0% - Tale of the Tape

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Concord Medical Services Holdings Limited ( CCM ) saw a big move last session, as the company's shares fell by nearly 9% on the day. The move came on pretty good volume too with far more shares changing hands than in a normal session. This reverses the recent trend for CCM, as the stock is now up about 46% in the past one-month time frame.

The medical services providing company has seen a flat record when it comes to current year estimate revisions over the past few weeks (0 increases, 0 decreases), and the consensus for earnings hasn't been in a trend either. This recent price action is discouraging, so make sure to keep a close watch on this firm in the near future, and especially on earnings estimates following the recent slump.

CCM currently has a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.

Some better-ranked stocks in the medical services sector include Brookdale Senior Living Inc. ( BKD ), AdCare Health Systems Inc. ( ADK ) and Kindred Healthcare Inc. ( KND ). While Brookdale carries a Zacks Rank #1 (Strong Buy), AdCare Health Systems and Kindred Healthcare hold a Zacks Rank #2 (Buy). 

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ADCARE HLTH SYS (ADK): Free Stock Analysis Report

BROOKDALE SENR (BKD): Free Stock Analysis Report

CONCORD MED-ADR (CCM): Free Stock Analysis Report

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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.



This article appears in: Investing , Investing Ideas , Stocks

Referenced Stocks: ADK , BKD , CCM , KND

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