Early Briefing on Health Care Providers and Services Stocks -- Cardinal Health, AmerisourceBergen, HCA Holdings, Community Health Systems, and Tenet Healthcare Editor Note: For more information about this release, please scroll to bottom.
LONDON, August 29, 2014 /PRNewswire/ --
On Thursday, August 28, 2014, the NASDAQ Composite ended at 4,557.70, down 0.26%, the Dow Jones Industrial Average finished the day 0.25% lower at 17,079.57, and the S&P 500 closed at 1,996.74, down 0.17%. The losses were broad based with seven out of ten sectors ending the session in negative. The S&P 500 Health Care Sector Index ended the day at 734.64, down 0.13%, whereas the index has gained 7.52% in the previous three months. Investor-Edge has initiated coverage on the following equities: Cardinal Health Inc. (NYSE: CAH), AmerisourceBergen Corporation (NYSE: ABC), HCA Holdings Inc. (NYSE: HCA), Community Health Systems Inc. (NYSE: CYH), and Tenet Healthcare Corporation. (NYSE: THC). Free research on these five companies can be accessed at:
Cardinal Health Inc.'s stock finished Thursday's session 0.83% higher at $73.27. A total of 1.22 million shares were traded, which was below its three months average volume of 1.93 million shares. The stock vacillated between $72.45 and $73.51 during the session. Over the last one month and over the previous three months, Cardinal Health Inc.'s shares have advanced 1.01% and 5.50%, respectively. Additionally, from the beginning of 2014, the stock has gained 9.67%. The company's shares are trading above their 50-day and 200-day moving averages. Moreover, the stock's 50-day moving average of $70.94 is greater than its 200-day moving average of $68.71. Cardinal Health Inc.'s stock traded at a PE ratio of 20.49 and has a Relative Strength Index (RSI) of 56.20. Sign up and read the free notes on CAH at:
On Thursday, shares in AmerisourceBergen Corp. fluctuated between $76.09 and $76.92 before ending the session 0.46% higher at $76.72. The stock reported a trading volume of 0.58 million shares, much below its three months average volume of 1.47 million shares. Shares of the company traded at a PE ratio of 65.36. AmerisourceBergen Corp.'s shares have fallen by 0.26% in the previous three trading sessions, while the stock has advanced 5.56% in the last three months and 9.12% on YTD basis. The stock is trading above its 50-day and 200-day moving averages of $74.75 and $69.91, respectively. Moreover, shares of AmerisourceBergen Corp. have an RSI of 53.93. The complimentary notes on ABC can be downloaded as in PDF format at:
HCA Holdings Inc.'s stock edged 0.39% lower, to close the day at $68.98. The stock recorded a trading volume of 1.15 million shares, below its three months average volume of 3.22 million shares. The company's shares oscillated between $68.94 and $69.46 during the session. Over the last one month and over the past three months, HCA Holdings Inc.'s shares have advanced 8.37% and 29.25%, respectively. Further, the stock has gained an upside of 44.58% since the start of this year. The stock is trading above its 50-day and 200-day moving averages. HCA Holdings Inc.'s 50-day moving average of $62.09 is above its 200-day moving average of $52.84. Additionally, the stock traded at a PE ratio of 17.55 and has an RSI of 70.79. Register for free on Investor-Edge and access the latest research on HCA at:
On Thursday, shares in Community Health Systems Inc. recorded a trading volume of 0.84 million shares, lower than its three months average volume of 1.79 million shares. The stock ended the day at $53.44, which was 0.07% above its previous day's closing of $53.40, and registered an intraday range of $53.10 and $53.71. Shares of the company traded at a PE ratio of 45.14. Community Health Systems Inc.'s stock has gained 3.29% in the previous three trading sessions, 11.66% in the last one month, and 36.08% on YTD basis. The stock is trading above its 50-day and 200-day moving averages of $47.05 and $41.68, respectively. Furthermore, shares of Community Health Systems Inc.'s have an RSI of 73.70. The complete research on CYH is available for free at:
Tenet Healthcare Corp.'s stock edged 0.63% lower to end Thursday's session at $59.99. The stock recorded a trading volume of 1.12 million shares, below its three months average volume of 1.60 million shares. The company's shares fluctuated between $59.86 and $60.57 during the session. Shares of the company traded at a PE ratio of 63.86. Tenet Healthcare Corp.'s shares have surged 42.43% since the start of this year. Further, the stock has gained 11.46% in the last one month and 27.37% over the previous three months. The stock is trading above its 50-day and 200-day moving averages. Tenet Healthcare Corp.'s 50-day moving average of $51.96 is above its 200-day moving average of $45.84. Additionally, the stock has an RSI of 75.67. Free in depth research on THC is available at:
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