Tenet Healthcare Surges to 405th in Trading Volume with $203 Million in Shares Exchanged

Generated by AI AgentAinvest Volume Radar
Friday, May 23, 2025 7:41 pm ET1min read

On May 23, 2025,

(THC) saw a significant increase in trading volume, with a total of $203 million in shares exchanged, marking a 46.68% rise from the previous day. This surge in activity placed at the 405th position in terms of trading volume for the day. The stock price of THC also rose by 1.02%.

Tenet Healthcare has been attracting considerable attention from investors, with its stock currently holding a Zacks Rank of 2 (Buy) and a Value grade of A. This positive rating suggests that the stock is undervalued and has strong growth potential, making it an attractive option for momentum investors. The company's beta of 1.63 indicates that its stock moves 63% more than the overall market, highlighting its volatility and potential for significant price swings.

Recent institutional activity has also impacted Tenet's stock. Cresset Asset Management LLC reduced its holdings in Tenet by 73.3% during the fourth quarter, while Two Sigma Investments LP increased its stake in the company. Institutional investors own 95.44% of Tenet's stock, underscoring the confidence that large investors have in the company's prospects.

Tenet Healthcare reported strong first-quarter 2025 earnings, with adjusted earnings per share (EPS) of $4.36, surpassing the Zacks Consensus Estimate by 40.2%. This impressive performance was driven by robust growth in the company's ambulatory unit, which contributed to a 35.4% year-over-year increase in earnings. The company also raised its EPS view for 2025, further bolstering investor confidence.

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