Here's Why Community Health Systems Stock Is Crashing 14.9% Today
Community Health Systems (NYSE: CYH) shares are down 14.9% at 11:30 a.m. EST on Monday following Bernie Sanders' win in Nevada's Democratic caucus on Saturday.
The hospital and outpatient facilities provider is in the midst of a restructuring to reduce its exposure to unprofitable facilities and debt. Progress on its plans resulted in fourth-quarter financial results that were encouraging, causing a rapid run-up in the company's share price this month that may be contributing to profit-taking today after Bernie Sanders' victory in Nevada.
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Source Fool.com
