THC — Tenet Healthcare Corporation

Stock analysis, trade plans, and proprietary indicators by Trend Edge.

Trend Edge Setup Score

Trend Edge rates THC Bearish with a Setup Score of 0, net conviction 20, actionability 0. How the Setup Score works →

Total Setup Score0
Directional BiasBearish
Net Conviction20
Actionability0 (no mans land)

Key signals behind this score

About Tenet Healthcare Corporation

Tenet Healthcare Corporation operates as a diversified healthcare services company in the United States. The company operates through two segments: Hospital Operations and Services, and Ambulatory Care. Its general hospitals offer acute care services, operating and recovery rooms, radiology and respiratory therapy services, clinical laboratories, and pharmacies. Read full Trend Edge analysis →

Trend Edge Proprietary Indicators

Key Metrics

Current Price$206.77
Market Cap$17.55B
Float85.1M
Shares Outstanding86.1M
P/E (Forward)11.33
P/E (TTM)10.59
Price/Sales (TTM)0.82
vs. Analyst Target+17.6% to analyst PT
Profit Margin7.94%
Operating Margin (TTM)17.94%
Revenue (TTM)$21.45B
Earnings Growth (YoY)87.60%
Dividend RateNone
Analyst Target Price$243.19 (22 analysts)

Financial History

Annual Revenue & Earnings History

YearRevenueNet IncomeGross ProfitEBITDA
2020 $17.64B $399M $6.23B $2.53B
2021 $19.48B $914M $7.27B $3.67B
2022 $19.17B $411M $7.05B $3.08B
2023 $20.55B $611M $7.80B $3.39B
2024 $20.66B $3.20B $8.21B $6.89B
2025 $21.31B $1.41B $17.53B $4.48B

Recent Quarterly Revenue & Net Income

QuarterRevenueNet Income
Jun 2025 $5.27B $288M
Sep 2025 $5.29B $342M
Dec 2025 $5.53B $371M
Mar 2026 $5.37B $702M

Ownership & Float

Insider Ownership1.1%
Institutional Ownership99.0%
Short Float4.8%
% of All Funds Holding7.95%
Number of Funds Holding653

Current Moving Averages

Trend Edge tracks near-term, medium-term, cyclical, and secular moving averages across weekly and monthly timeframes to identify trend structure at every horizon.

TimeframeSMAValueTrend Context
Weekly10-Week SMA$184.49Near-term / short-term trend
Weekly40-Week SMA$198.57Medium-term trend
Weekly80-Week SMA$176.45Cyclical trend (business cycle)
Weekly200-Week SMA$124.87Secular trend (multi-year)
Monthly10-Month SMA$198.57Near-term monthly trend
Monthly20-Month SMA$177.52Medium-term monthly trend
Monthly40-Month SMA$140.84Secular monthly trend

Volume Shelves — Support & Resistance

Trend Edge identifies volume shelves: price zones where historically elevated trading volume creates structural support or resistance. A volume shelf forms when a disproportionate share of cumulative volume was transacted at a specific price level, making it a high-conviction anchor for future price reactions.

Price LevelTypeVolume RatioAge
$144.00 support 1.05x 13 months ago
$113.00 support 1.07x 25 months ago

Historical Earnings Reactions (120 events)

TimeframeAvg ReturnMedianWin RateBestWorst
Gap 0.28% 0.13% 51.67% 13.88% -25.70%
1 Day -0.09% 0.56% 52.50% 21.56% -30.96%
1 Week 0.94% 1.02% 50.83% 41.70% -23.75%
2 Weeks 1.17% 0.91% 56.67% 58.98% -44.06%
1 Month 3.31% 3.70% 57.98% 57.07% -47.62%

Next earnings: July 24, 2026 (13 days away)

Seasonality & Day-of-Week Patterns

Monthly Seasonality

MonthAvg ReturnWin RateSamples
Jan2.1%54.3%46
Feb2.3%58.7%46
Mar2.2%56.5%46
Apr4.7%61.7%47
May3.9%55.3%47
Jun-2.1%42.6%47
Jul3.5%54.3%46
Aug-0.8%45.7%46
Sep-0.5%50.0%46
Oct-3.7%43.5%46
Nov0.1%56.5%46
Dec4.2%56.5%46

Day-of-Week Tendencies

DayAvg ReturnWin RateSamples
Monday -0.08% 45.8% 2206
Tuesday 0.12% 47.7% 2394
Wednesday 0.13% 48.0% 2392
Thursday 0.06% 47.0% 2346
Friday 0.08% 46.5% 2330

Top Institutional Holders

Institutional holder breakdown coming soon.

Total institutional ownership: 99.0%

Insider Transactions — Smart Summary

Total insider ownership: 1.1%

12-Month Insider Activity Summary

Total Filings23
Net Value-$36.1M
Net Shares Change-195,908
% of Float-0.2%
C-Suite Filings7
Clusters Detected3

Key Insiders

NameTitleNet ValueFilingsActivity
KERREY J ROBERT -$1.1M 2 2 sell
West Nadja -$617,723.54 2 2 sell
Blunt Roy -$85,673.54 1 1 sell
Romo Tammy -$85,673.54 1 1 sell
MARK RICHARD J -$85,673.54 1 1 sell
HANEY CECIL D -$85,673.54 1 1 sell
Fitzgerald Meghan -$85,673.54 1 1 sell
FISHER RICHARD W -$85,673.54 1 1 sell

Transaction Clusters

PeriodFilingsInsidersNet ValueSeniority
2025-10-31 – 2025-11-07 4 3 -$8.8M 1 C-suite
2026-03-03 – 2026-03-13 4 3 -$16.9M 4 C-suite
2026-05-26 – 2026-05-29 10 8 -$2.2M

Significant Filings

DateInsiderTitleNet ValuePrice After
2026-05-29 KERREY J ROBERT -$983,920.644 Transaction at $174.52, now +18.5%
2026-05-28 West Nadja -$532,050 Transaction at $177.35, now +16.6%
2026-05-26 Blunt Roy -$85,673.54 Transaction at $173.78, now +19.0%
2026-05-26 KERREY J ROBERT -$105,484.46 Transaction at $173.78, now +19.0%
2026-05-26 West Nadja -$85,673.54 Transaction at $173.78, now +19.0%
2026-05-26 Romo Tammy -$85,673.54 Transaction at $173.78, now +19.0%

View full insider transaction history on Trend Edge →

AI Consult Analysis

Trend Edge's AI Consult feature delivers a comprehensive, multi-layer trade plan for Tenet Healthcare Corporation (THC) powered by Claude Opus — Anthropic's most capable AI model. The analysis covers five layers: technical analysis (near-term, medium-term, cyclical, and secular trend, momentum, volume shelf support and resistance, breakout and breakdown signals), qualitative analysis (business model, competitive moat, sector dynamics), insider sentiment (buy and sell signals from executive and director transactions), share stats analysis (institutional accumulation, fund positioning, short float squeeze potential), and fundamental analysis (valuation, revenue growth, profit margin, earnings quality).

AI Consult synthesizes all five layers into a single bullish or bearish thesis with explicit entry, exit, stop loss, and take profit levels — giving you a complete, AI-powered trade plan with defined risk/reward. Whether you are building a long position, initiating a short, or looking for a reversal setup, AI Consult identifies the highest-probability signal from the current trend.

Get the full AI Consult analysis for THC on Trend Edge →