Community Health Systems, Inc (NYSE:CYH) shares, rose in value, with the stock price down by -6.25% to the previous day’s close as strong demand from buyers drove the stock to $4.05.
Actively observing the price movement in the last trading, the stock closed the session at $4.32, falling within a range of $4.02 and $4.3698. The value of beta (5-year monthly) was 1.555. Referring to stock’s 52-week performance, its high was $6.29, and the low was $2.01. On the whole, CYH has fluctuated by -30.41% over the past month.
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With the market capitalization of Community Health Systems, Inc currently standing at about $562.74 million, investors are eagerly awaiting this quarter’s results, scheduled for in December.
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 Hold on average. However, medium-term indicators have put the stock in the category of 50% Buy 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 -21.31% and -25.57% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 30.71, while the 7-day volatility ratio is showing 7.22% which for the 30-day chart, stands at 6.29%. Furthermore, Community Health Systems, Inc (CYH)’s beta value is 1.56, and its average true range (ATR) is 0.34.
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 -6.25% in last session, and over the past year, it grew by 89.25%%.
Data on historical trading for Community Health Systems, Inc (NYSE:CYH) indicates that the trading volumes over the past 10 days have averaged 2.97 and over the past 3 months, they’ve averaged 1.57 million. According to company’s latest data on outstanding shares, there are 136.77 million shares outstanding.
Nearly 11.96% of Community Health Systems, Inc’s shares belong to company insiders and institutional investors own 74.65% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 7.16 million shares as on 2024-10-15, resulting in a short ratio of 6.05. According to the data, the short interest in Community Health Systems, Inc (CYH) stood at 569.00 of shares outstanding as of 2024-10-15; the number of short shares registered in 2024-09-13 reached 7.28 million. The stock has risen by 29.39% 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.
