-
Stock Market News for Dec 13, 2010 - Market News
Monday, December 13, 2010 - 9:33am | 1049On Friday, the markets ended slightly higher on positive economic data and better-than-expected rise in consumer sentiment. However, the markets' upward movement was subdued somewhat due to investors' cautious attitude towards European debt crisis, tensions between the two Korean nations and...
-
Stock Market News for Dec 13, 2010 - Market News
Monday, December 13, 2010 - 9:06am | 1049On Friday, the markets ended slightly higher on positive economic data and better-than-expected rise in consumer sentiment. However, the markets' upward movement was subdued somewhat due to investors' cautious attitude towards European debt crisis, tensions between the two Korean nations and...
-
Morgan Keegan Expects Long-Term Growth for VCA Antech
Monday, December 13, 2010 - 8:44am | 149Morgan Keegan published its report on VCA Antech (NASDAQ: WOOF) after taking a health care field trip to one of VCA Antech's hospitals. In a note to clients, Morgan Keegan writes, "Our core thesis remains that VCA Antech's veterinary services will not rebound until consumer confidence comes back...
-
Oppenheimer Highlights The Declined Offer Of Community Health To Acquire Tenet Healthcare
Monday, December 13, 2010 - 8:29am | 110Oppenheimer is highlighting the announcement by Community Healthcare (NYSE: CYH) that Dallas-based Tenet Healthcare (NYSE: THC) had declined its of fer for $6/share ($5 cash, $1 in stock), which represents a ~40% premium to THC's closing price of $4.29. Despite the relatively attractive price tag...
-
Goldman Raising Price Target On Tenet Healthcare
Monday, December 13, 2010 - 7:10am | 144Goldman Sachs is raising its price target on Tenet Healthcare Corp. (NYSE: THC) to $6 from $5 and it has a Neutral rating on shares. In a note sent to investors Goldman writes, "We calculate an M&A score as a means of ranking companies under coverage from 1 to 4, with 1 representing high (30%-...
-
Where Did The Name Black Friday Come From?
Sunday, December 12, 2010 - 8:52am | 651While it has been one of the busiest days in terms of pedestrian traffic at shopping centers, in terms of actual sales volume, from 1993 through 2001 Black Friday was the fifth to tenth busiest day.Most people know Black Friday as the day after Thanksgiving, which officially kicks off the shopping...
-
The Trend is Your Friend 12-10-2010
Friday, December 10, 2010 - 3:16pm | 818Cusick's Corner The market is in a grinding mode but it is still to the upside. At this stage, patience and discipline are essential. If you have missed the trend so far, consider using strategies that may give up some profit potential but mitigate risk. There in not much to say other than the...
-
Community Health Re-bids for Tenet - Analyst Blog
Friday, December 10, 2010 - 2:30pm | 389Community Health Systems, Inc. (CYH) has re-bid to acquire Tenet Healthcare Corporation (THC), after being rejected on December 6. However, Community Health has proposed an identical offer to Tenet, which was offered on November 12 but was rejected due to inadequate compensation offered by...
-
Tenet Healthcare Best Performing S&P 500 Stock
Friday, December 10, 2010 - 2:24pm | 248Tenet Healthcare Corporation (NYSE: THC) is the best performing stock in the S&P 500 today, gaining more than 56% after the company received a takeover bid from Community Health Systems (NYSE: CYH) for $6 per share. Shares are sharply higher than where the offer is, and speculation is that CYH...
-
Community Health Re-bids for Tenet - Analyst Blog
Friday, December 10, 2010 - 1:54pm | 389Community Health Systems, Inc. (CYH) has re-bid to acquire Tenet Healthcare Corporation (THC), after being rejected on December 6. However, Community Health has proposed an identical offer to Tenet, which was offered on November 12 but was rejected due to inadequate compensation offered by...
-
Tenet Healthcare Corporation May Not Take Buyout -Rumor (THC)
Friday, December 10, 2010 - 1:25pm | 27Hearing chatter that Tenet Healthcare Corporation (NYSE: THC) may not accept their buyout offer. Rumor is unconfirmed so far.
-
Lifepoint Hospitals Moving Higher (LPNT)
Friday, December 10, 2010 - 12:02pm | 111Shares of Lifepoint Hospitals (NASDAQ: LPNT) are rising on unusual volume this morning. Yesterday, Community Health Systems (NYSE: CYH) made a $6 per share offer for Tenet Healthcare (NYSE: THC). This has resulted in the entire hospital complex being bid up. Lifepoint (LPNT) has risen 8.04% to $38...
-
Options Brief: Health Management Associates (HMA)
Friday, December 10, 2010 - 11:00am | 100Shares of Health Management Associates (NYSE: HMA) are higher on the session by 5.97%, trading at $9.68. Overall call volume is now running at 12.19x the daily average, with 13% of all calls traded being purchases on the offer. 1,170 contracts have traded on the session so far. Health Management...
-
Community Health Systems Trading Up 14.82%
Friday, December 10, 2010 - 10:47am | 26Community Health Systems, Inc. (NYSE: CYH) is trading up 14.82%. Shares last traded at $36.33, up from yesterday's close at $31.64.
-
Top Narrow Based Indexes For December 10 (THC, BEC)
Friday, December 10, 2010 - 10:18am | 241By 10:10 am, the Dow Jones Industrial Average was down 9.42 points, or 0.08%, to 11,360.64, while the broader Standard & Poor's 500 index had lost 0.22 point, or 0.02%. The NASDAQ composite index fell 0.52 point, or 0.02%. Some of the narrow based indexes that are still afloat in the markets...