

California Public Employees Retirement System lessened its stake in Tenet Healthcare Corporation (NYSE: THC) by 23.3% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 177,544 shares of the company's stock after selling 53,923 shares during the period. California

THC's Q2 performance is likely to have witnessed lower patient days, but higher revenue per admission and Ambulatory Care growth could help offset the pressure.

Bank of New York Mellon Corp lowered its holdings in shares of Tenet Healthcare Corporation (NYSE: THC) by 6.2% in the undefined quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 606,242 shares of the company's stock after selling 40,155 shares during the period. Bank

In the closing of the recent trading day, Tenet Healthcare (THC) stood at $194.91, denoting a -2.15% move from the preceding trading day.

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Tenet Healthcare (THC) closed the most recent trading day at $204.25, moving 1.22% from the previous trading session.

U.S.-Iran tensions likely to lift demand for defensive plays, with Tenet Healthcare, Elevance Health and Aveanna Healthcare standing out as cheap medical stocks.

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