Published on 30 May 2024 on Zacks via Yahoo Finance
Tenet Healthcare (THC) Gains 89% in a Year: More Room to Run?
Shares of Tenet Healthcare Corporation THC have surged 88.7% in the past year compared with the industry’s 25% growth. The Medical sector has gained 4.6% and the S&P 500 composite index has risen 26% in the same time frame. With a market capitalization of $12.9 billion, the average volume of shares traded in the last three months was 1.3 million.
Growing admissions and hospital surgeries, strategic portfolio transformation, acquisitions and an impressive financial position continue to drive Tenet Healthcare.