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Today's Dead Cat Bounce Stock: Tenet Healthcare (THC)

Trade-Ideas LLC identified Tenet Healthcare ( THC) as a "dead cat bounce" (down big yesterday but up big today) candidate. In addition to specific proprietary factors, Trade-Ideas identified Tenet Healthcare as such a stock due to the following factors:

  • THC has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $125.5 million.
  • THC has traded 57,688 shares today.
  • THC is up 5.1% today.
  • THC was down 18.9% yesterday.

EXCLUSIVE OFFER: Get the inside scoop on opportunities in THC with the Ticky from Trade-Ideas. See the FREE profile for THC NOW at Trade-Ideas More details on THC: Tenet Healthcare Corporation, a healthcare services company, primarily operates acute care hospitals and related healthcare facilities in the United States. It operates through two segments, Hospital Operations and Other, and Conifer. THC has a PE ratio of 63. Currently there are 9 analysts that rate Tenet Healthcare a buy, no analysts rate it a sell, and 5 rate it a hold. The average volume for Tenet Healthcare has been 2.2 million shares per day over the past 30 days. Tenet Healthcare has a market cap of $3.6 billion and is part of the health care sector...