THC

Tenet Healthcare Corporation
NYSEUSDEQUITY Healthcare DELAYED
Last price
258.47
▼ 1.00 (0.39%)
MARKET · —

Price

1D — H — L — Range — Vol —
Drag pan · Pinch zoom · Hold crosshair · pick a tool then drag to draw
Open
259.00
Prev close
259.47
Day high
263.46
Day low
257.06
Volume
426.76K
Market cap
$20.81B
P/E (TTM)
9.95
52W range
157.58 – 283.05

Day trading desk

Current session · delayed
Gap from prior close
-0.18%
Prior close 259.47
VWAP
259.53
-0.41% from price
Relative volume
0.79×
Normal
Session range
2.49%
257.06 – 263.46
Position in range
22%
Near session low
ATR (14D)
7.20
2.79% of price
Prior day high
264.45
PDH
Prior day low
258.75
PDL
Bid / ask spread
—
Quote not published
Session volume
770.80K
Avg 974.83K

VWAP and the session figures are computed from the delayed intraday series on this page, so they lag the live tape and will not match a broker's real-time VWAP exactly. Turn on Prior day H/L/C, Opening range and Volume profile in the chart's Studies menu to see these levels drawn on price.

Trailing performance

Price return · vs SPY
Returnvs SPY
1W
+0.34% -1.6%
1M
-2.48% -3.6%
3M
+25.31% +20.8%
6M
+32.82% +14.6%
YTD
+30.07% +15.8%
1Y
+27.33% +10.9%
3Y
+292.28% +210.0%
5Y
— —

Price return only. Dividends are not reinvested, so total return on a dividend payer will be higher than shown.

Unusual options activity

Account required
Nothing crossed the thresholds in the expiries we scanned.
That is the normal state — most contracts trade well inside their existing open interest.
Free account required

Contracts trading at or above their open interest, ranked by notional and where the print landed.

Free account

5 more panels on THC open with an account.

Options chains and analytics, valuation ratios, insider filings, analyst targets and ownership. No card, no trial, nothing to cancel.

Insider net activity

6m · Form 4 rollup
Net shares
-179.71K
Net selling
Buy transactions
12
15.12K shares
Sell transactions
14
194.84K shares
Net transactions
+26
Buys less sells
Sell : buy shares
12.9 : 1
Heavily one-sided
Insider-held shares
780.23K
Total on file
Bought 15.12KSold 194.84K

Insider transactions

Account required
DateInsiderAction SharesValueHeld
Sep 14, 26
KERREY JOSEPH ROBERT
Director
SELL 12.01K $3.17M Direct
Sep 10, 26
MARK RICHARD J
Director
SELL 10.00K $2.63M Direct
Sep 2, 26
WEST NADJA Y.
Director
SELL 1.15K $298.14K Direct
Aug 31, 26
FOO LISA Y
Chief Operating Officer
SELL 24.00K $6.39M Direct
Aug 28, 26
HANEY CECIL D.
Director
STOCK 150 $0 Direct
Aug 25, 26
SUTARIA SAUMYA
Chief Executive Officer
SELL 100.00K $27.64M Direct
Aug 24, 26
HANEY CECIL D.
Director
SELL 1.30K $361.44K Direct
Aug 7, 26
ROMO TAMMY
Director
SELL 7.42K $1.95M Direct
Aug 5, 26
BLUNT ROY
Director
SELL 600 $157.61K Direct
Jul 29, 26
FOO LISA Y
Chief Operating Officer
SELL 10.00K $2.58M Direct
Jul 27, 26
BIERMAN JAMES L
Director
SELL 5.00K $1.22M Direct
Jul 27, 26
LYNCH CHRISTOPHER S
Director
SELL 3.84K $934.08K Direct
Jul 27, 26
ARBOUR PAOLA M
Chief Technology Officer
SELL 10.88K $2.65M Direct
May 28, 26
KERREY JOSEPH ROBERT
Director
SELL 5.64K $983.92K Direct
What this is, and what it is not

These are SEC Form 4 filings — officers, directors and 10% owners reporting their own trades in the company's stock. Filing is due within two business days of the transaction, so this lags reality by days, and the provider adds its own lag on top.

A sale is not automatically bearish. Executives sell on scheduled 10b5-1 plans, to cover tax on vesting equity, and to diversify. Purchases with cash are generally the more informative signal, and they are far rarer.

This does not include congressional or senate trading. That comes from STOCK Act disclosures filed with the Senate eFD system and the House Clerk, which this data source does not carry.

Free account required

Officer and director trades in their own stock, straight from Form 4 filings.

Insider holders

10 reporting
NameRelationShares heldLatest
ARBOUR PAOLA M
Chief Technology Officer 18.41K Sale
BIERMAN JAMES L
Director 31.60K Sale
FISHER RICHARD W.
Director 9.63K Conversion of Exercise of derivative security
FITZGERALD MEGHAN
Director 17.09K Conversion of Exercise of derivative security
HANEY CECIL D.
Director 12.40K Stock Gift
MARK RICHARD J
Director 25.12K Sale
PARK SUN
Chief Financial Officer 19.44K Conversion of Exercise of derivative security
ROMO TAMMY
Director 28.28K Sale
SUTARIA SAUMYA
Chief Executive Officer 433.56K Sale
WEST NADJA Y.
Director 23.65K Sale

Fundamentals

TTM · reported
Market cap$20.81B
Enterprise value$35.93B
Revenue (TTM)$21.81B
Gross profit$9.09B
EBITDA$4.84B
Net income$2.24B
EPS (TTM)$25.97
Free cash flow$2.25B
Total cash$2.17B
Total debt$13.25B
Book value / share$57.86
Shares outstanding80.52M
Float79.68M
Short % of float2.94%
Dividend yield0.00%
Beta (5Y)1.20

Valuation & profitability ratios

Account required
Trailing P/E9.95
Forward P/E12.26
PEG ratio1.80
Price / sales—
Price / book4.47
EV / revenue1.65
EV / EBITDA7.42
Gross margin41.66%
Operating margin18.16%
Profit margin10.27%
Return on equity37.34%
Return on assets8.32%
Debt / equity152.28
Current ratio1.41
Free account required

Fourteen ratios including P/E, PEG, EV/EBITDA, margins and return on equity.

Financial statements

As reported · 4 years · 5 quarters
Blank means not reported, not zero
Line item2025202420232022YoY
Total revenue $21.31B$20.68B$20.56B$19.17B +3.1%
Operating revenue $21.31B$20.68B$20.56B$19.17B +3.1%
Cost of revenue $3.78B$3.65B$3.59B$3.27B +3.6%
Gross profit $17.53B$17.03B$16.97B$15.90B +2.9%
Selling, general & admin $8.71B$8.80B$9.15B$8.84B -1.1%
Total operating expense $14.09B$14.11B$14.53B$13.49B -0.1%
Operating income $3.44B$2.92B$2.44B$2.41B +17.9%
Net interest income -$821.00M-$826.00M-$901.00M-$890.00M +0.6%
Pre-tax income $2.80B$5.25B$1.62B$1.34B -46.6%
Tax provision $433.00M$1.18B$306.00M$344.00M -63.4%
Net income $1.41B$3.20B$611.00M$411.00M -56.0%
Net income to common $1.41B$3.20B$611.00M$411.00M -56.0%
Basic EPS 15.6133.026.013.84 -52.7%
Diluted EPS 15.4932.705.713.79 -52.6%
EBIT $3.62B$6.07B$2.52B$2.23B -40.4%
EBITDA $4.48B$6.89B$3.39B$3.08B -34.9%
Basic shares 90.15M96.90M101.64M106.93M -7.0%
Diluted shares 90.83M97.88M104.80M110.52M -7.2%

Options analytics

Account required
Put / call volume
2.00
Put-heavy session
Put / call open interest
1.72
Positioning, not flow
Max pain
270.00
+4.5% from spot
ATM implied vol
47.6%
Nearest strike to spot
Skew (10% OTM)
+5.2%
Puts bid over calls
Call volume
32
Contracts, this expiry
Put volume
64
Contracts, this expiry
Heaviest call OI
270.00
818 contracts
Heaviest put OI
260.00
852 contracts

Max pain is the strike at which the largest dollar value of open contracts expires worthless. It describes current positioning; it is not a forecast and it moves as open interest changes.

Free account required

Put/call ratios, max pain, implied volatility skew and where open interest is concentrated.

Earnings

History & consensus estimates
Reported vs expected · EPS
QuarterEst.ActualSurprise
Jun 2026 4.266.12 +43.5%
Mar 2026 4.174.82 +15.7%
Dec 2025 4.074.70 +15.6%
Sep 2025 3.353.70 +10.5%
Forward consensus
PeriodEPSAnalystsRevenueGrowth
Current quarter 4.67 20 $5.51B +4.2%
Next quarter 5.67 20 $5.77B +4.3%
Current year 21.22 21 $22.43B +5.3%
Next year 21.08 21 $22.52B +0.4%

Analyst targets & ownership

Account required
Mean target$284.64
High target$315.00
Low target$260.00
Implied upside10.12%
Analyst count22
ConsensusBUY
Strong buy / Buy5 / 14
Hold4
Sell / Strong sell0 / 0
Held by insiders0.97%
Held by institutions101.99%
Institutions holding895
Free account required

Price targets, consensus spread, insider and institutional ownership.

Moving averages & technicals

Computed from 2Y daily closes
SMA 10
256.73
+0.68% from price
SMA 20
260.08
-0.62% from price
SMA 50
262.56
-1.56% from price
SMA 100
224.74
+15.01% from price
SMA 200
214.11
+20.72% from price
EMA 12
258.39
+0.03% from price
EMA 26
258.95
-0.18% from price
EMA 50
252.38
+2.41% from price
RSI (14)
49.6
Neutral
MACD (12,26,9)
-0.56
Hist -0.53
ATR (14)
7.20
2.79% of price
Realised vol 30D
27.1%
Annualised
Bollinger upper
268.66
20, 2σ
Bollinger lower
251.50
20, 2σ
50 / 200 cross
Golden
262.56 vs 214.11
Trend bias
Above 200
+20.72%

Options chain

Account required
Expiry
Spot 258.47
Calls
StrikeLastBidAskVolOIIV
000.000.000.000.00000.0%
000.000.000.000.00000.0%
000.000.000.000.00000.0%
000.000.000.000.00000.0%
000.000.000.000.00000.0%
000.000.000.000.00000.0%
000.000.000.000.00000.0%
Puts
StrikeLastBidAskVolOIIV
000.000.000.000.00000.0%
000.000.000.000.00000.0%
000.000.000.000.00000.0%
000.000.000.000.00000.0%
000.000.000.000.00000.0%
000.000.000.000.00000.0%
000.000.000.000.00000.0%
Free account required

Every listed expiry, both sides of the book, with volume, open interest and implied volatility.

Risk profile

Daily returns · 1Y window
Beta vs SPY
0.51
Less volatile than market
Correlation to SPY
0.15
Largely independent
Realised vol 30D
27.1%
Annualised
Market vol 1Y
13.0%
SPY, annualised
Max drawdown 1Y
-34.1%
Peak to trough
Max drawdown 5Y
-58.9%
Peak to trough
ATR 14
7.20
2.79% of price
Beta (reported)
1.20
5Y monthly, from filing

Short interest

Semi-monthly exchange report · lags by ~2 weeks
Shares short
2.02M
Prior 2.52M
Change vs prior
-20.1%
Shorts covering
% of float
2.94%
Normal
% of shares out
2.50%
Against total outstanding
Days to cover
2.8
Liquid
Float
79.68M
Freely tradeable shares

Exchanges publish short interest twice a month with a settlement lag, so this is roughly two weeks behind. Days to cover divides shares short by average daily volume — it estimates how long covering would take, not whether it will happen.

Rating changes

368 on file
DateFirm ActionFromTo
Sep 23, 26 BMO Capital INITIATED — Market Perform
Sep 18, 26 Leerink Partners MAINTAINED Outperform Outperform
Aug 3, 26 Wells Fargo MAINTAINED Overweight Overweight
Jul 28, 26 Truist Securities MAINTAINED Buy Buy
Jul 28, 26 Baird MAINTAINED Neutral Neutral
Jul 28, 26 Guggenheim MAINTAINED Buy Buy
Jul 27, 26 UBS MAINTAINED Buy Buy
Jul 27, 26 TD Cowen MAINTAINED Buy Buy
Jul 27, 26 Morgan Stanley MAINTAINED Overweight Overweight
Jul 27, 26 RBC Capital MAINTAINED Outperform Outperform
Jul 24, 26 Barclays MAINTAINED Overweight Overweight
Jul 20, 26 Guggenheim MAINTAINED Buy Buy

Dividends & splits

Declared · from the issuer
Forward rate—
Forward yield0.00%
5-year avg yield2.21%
Payout ratio0.00%
Ex-dividend dateMar 13, 2000
Next pay date—
Last split1:4
Split dateOct 11, 2012

PRIVATE STRATEGY · BY QUALIFICATION

The same data. A different seat.

The research you are reading is the input layer for a discretionary options program we run for a small number of qualified investors. Minimum $1,000,000.