Community Health Systems shares are trading lower by 7% Thursday afternoon. The company agreed to sell its North Carolina hospital to Duke Health for $280 million.
Ardent Health Partners completes $192M IPO, operating 30 hospitals and 200+ care sites across six states. RBC Capital and Truist Securities initiate coverage with positive ratings, citing growth potential, market leadership, and strategic expansion in outpatient services.
Capacity expansions are expected to be prevalent as hospital companies aim to capture greater market share in a fragmented industry. Investments in technological upgrades will likely provide a competitive edge.
U.S. stocks traded lower toward the end of trading, with the Nasdaq Composite falling more than 150 points on Wednesday. The Dow traded down 0.39% to 38,412.53 while the NASDAQ fell 1.06% to 15,464.67. The S&P 500 also fell, dropping, 0.47% to 4,952.19.
Shares of International Flavors & Fragrances Inc. (NYSE: IFF) fell during Wednesday’s session after the company reported mixed fourth-quarter financial results and reduced its expected quarterly dividend approximately 50% to 40 cents per share.
U.S. stocks traded lower midway through trading, with the Nasdaq Composite falling around 0.5% on Wednesday. The Dow traded down 0.16% to 38,503.94 while the NASDAQ fell 0.47% to 15,557.94. The S&P 500 also fell, dropping, 0.11% to 4,969.94.
U.S. stocks traded lower this morning, with the Dow Jones index falling over 100 points on Wednesday. Following the market opening Wednesday, the Dow traded down 0.31% to 38,443.33 while the NASDAQ fell 0.58% to 15,540.19. The S&P 500 also fell, dropping, 0.28% to 4,961.55.
Shares of NeoGenomics, Inc. (NASDAQ: NEO) rose sharply in today’s pre-market trading after the company reported better-than-expected fourth-quarter financial results and issued FY24 adjusted EPS guidance above estimates.
