Why Community Health Systems, TripAdvisor, and Hostess Brands Jumped Today
The stock market finished a tumultuous week on a quiet note, as major benchmarks generally closed modestly higher while still finishing with substantial losses for the week as a whole. Investors seemed to become slightly calmer about geopolitical tension between the U.S. and North Korea, although news that the two nations have been quietly having discussions over several months rattled some nerves. Also helping the mood was good news from several well-known companies. Community Health Systems (NYSE: CYH), TripAdvisor (NASDAQ: TRIP), and Hostess Brands (NASDAQ: TWNK) were among the best performers on the day. Below, we'll look more closely at these stocks to tell you why they did so well.
Shares of Community Health Systems finished up 23%, rebounding from substantial losses throughout the past couple of weeks. Investors have been nervous about what might happen to hospital operators under potential new healthcare reform efforts, but the bigger cause of trouble for Community Health over the past several years has been a trend toward fewer hospital admissions and the resulting pressure on earnings. After losing more ground in the wake of reporting a second-quarter loss, investors now seem to see signs that Community Health could turn things around, but it will take considerable effort and some good fortune from Washington to get the stock moving in the right direction.
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Source: Fool.com
Community Health Systems Inc. Stock
Currently there is a rather positive sentiment for Community Health Systems Inc. with 5 Buy predictions and 3 Sell predictions.
With a target price of 5 € there is a slightly positive potential of 1.21% for Community Health Systems Inc. compared to the current price of 4.94 €.
