Community Health Systems, Inc (NYSE:CYH) shares, rose in value on Wednesday, May 07, with the stock price up by 13.10% to the previous day’s close as strong demand from buyers drove the stock to $3.28.
Actively observing the price movement in the last trading, the stock closed the session at $2.90. Referring to stock’s 52-week performance, its high was $6.29, and the low was $2.24. On the whole, CYH has fluctuated by 36.67% over the past month.
With the market capitalization of Community Health Systems, Inc currently standing at about $460.21 million, investors are eagerly awaiting this quarter’s results, scheduled for in June.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that CYH’s technical picture suggests that short-term indicators denote the stock is a 50% Sell on average. However, medium-term indicators have put the stock in the category of 50% Sell while long-term indicators on average have been pointing out that it is a 50% Sell.
The stock’s technical analysis shows that the price of CYH currently trading nearly 23.61% and 20.11% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 70.61, while the 7-day volatility ratio is showing 7.46% which for the 30-day chart, stands at 7.58%. Furthermore, Community Health Systems, Inc (CYH)’s beta value is 2.02, and its average true range (ATR) is 0.21.
A comparison of Community Health Systems, Inc (CYH) with its peers suggests the former has fared considerably weaker in the market. CYH showed an intraday change of 13.10% in last session, and over the past year, it shrunk by -4.09%%.
Data on historical trading for Community Health Systems, Inc (NYSE:CYH) indicates that the trading volumes over the past 3 months, they’ve averaged 2.87 million. According to company’s latest data on outstanding shares, there are 140.30 million shares outstanding.
Nearly 13.50% of Community Health Systems, Inc’s shares belong to company insiders and institutional investors own 72.59% of the company’s shares. The stock has risen by 9.70% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the CYH stock heading into the next quarter.
