HCA Healthcare Inc. Stock Underperforms Wednesday When Compared To Competitors Despite Daily Gains

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LTC Properties Inc. is a real estate investment trust (REIT). The Company invests in seniors housing and health care properties through sale-leasebacks, mortgage financing, joint ventures, construction financing and structured finance solutions including preferred equity and mezzanine lending. It invests in various properties, including skilled nursing centers (SNF), which provides restorative, rehabilitative and nursing care; Assisted living facilities (ALF), which serves people who require assistance with activities of daily living; Independent living facilities (ILF), also known as retirement communities or senior apartments, offers a community and numerous levels of service, such as laundry, housekeeping, dining options/meal plans, exercise and wellness programs, transportation, social, cultural and recreational activities, on-site security, and others, and Memory care facilities (MC), which offers specialized options for people with Alzheimer’s disease and other forms of dementia.

HCA Healthcare Inc. Stock Underperforms Wednesday When Compared To Competitors Despite Daily Gains

4:59 pm ET March 1, 2023 (MarketWatch) Print

This article was automatically generated by MarketWatch using technology from Automated Insights.

Shares of HCA Healthcare Inc. (HCA) inched 0.35% higher to $244.30 Wednesday, on what proved to be an all-around mixed trading session for the stock market, with the Dow Jones Industrial Average rising 0.02% to 32,661.84 and the S&P 500 Index falling 0.47% to 3,951.39. The stock's rise snapped a seven-day losing streak. HCA Healthcare Inc. closed $34.72 below its 52-week high ($279.02), which the company reached on April 21st.

The stock underperformed when compared to some of its competitors Wednesday, as Community Health Systems Inc. (CYH) rose 1.49% to $6.15 and Tenet Healthcare Corp. (THC) rose 1.74% to $59.55. Trading volume (916,554) remained 325,270 below its 50-day average volume of 1.2 M.

Data source: Dow Jones Market Data, FactSet. Data compiled March 1, 2023.

(END) Dow Jones Newswires

March 01, 2023 16:59 ET (21:59 GMT)