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Tenet Healthcare (THC) Soars: Stock Adds 9.7% in Session


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Tenet Healthcare CorporationTHC was a big mover last session, as the company saw its shares rise nearly 10% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. The stock picked up sharply from the near-flat trend of $22.90 to $24.51 in the past one month time frame.

The move came after the company reported better-than-expected first-quarter 2018 results.

The company has seen a mixed track record when it comes to estimate revision of one increase and no decrease over the past few weeks, while the Zacks Consensus Estimate for the current quarter hasn't been in a trend either. The recent price action is encouraging though, so make sure to keep a close watch on this firm in the near future.

Tenet Healthcare currently has a Zacks Rank #2 (Buy) while its Earnings ESP is positive.

Tenet Healthcare Corporation Price

Tenet Healthcare Corporation Price | Tenet Healthcare Corporation Quote



Another stock worth considering in the Medical - Hospital industry is Acadia Healthcare Company, Inc. ACHC , which also carries a Zacks Rank #2 (Buy). You can seeĀ  the complete list of today's Zacks #1 Rank (Strong Buy) stocks here .

Is THC going up? Or down? Predict to see what others think: Up or Down

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Tenet Healthcare Corporation (THC): 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 Nasdaq, Inc.



This article appears in: Investing , Investing Ideas , Stocks
Referenced Symbols: THC , ACHC


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