Community Health (CYH) is Downgraded by Wells Fargo to Market Perform

Community Health (CYH) is Downgraded by Wells Fargo to Market Perform , according to the research report released to the investors. Earlier the firm had a rating of Outperform on the company shares. The shares recommendation by the Brokerage Firm was released on Jan-4-2016.

Community Health Systems, Inc. has dropped 38% during the last 3-month period . Year-to-Date the stock performance stands at -50.8%.The company shares have dropped -50.86% from its 1 Year high price. On Jun 29, 2015, the shares registered one year high at $65.00 and the one year low was seen on Dec 14, 2015. The 50-Day Moving Average price is $27.43 and the 200 Day Moving Average price is recorded at $44.77.

Community Health Systems, Inc. (NYSE:CYH) has lost 6.52% during the past week and dropped 4.67% in the last 4 weeks. The shares are however, negative as compared to the S&P 500 for the past week with a loss of 5.74%. Community Health Systems, Inc. (NYSE:CYH) has underperformed the index by 2.44% in the last 4 weeks. Investors should watch out for further signals and trade with caution.

Community Health Systems, Inc. (NYSE:CYH) : On Thursday heightened volatility was witnessed in Community Health Systems, Inc. (NYSE:CYH) which led to swings in the share price. The shares opened for trading at $26.34 and hit $26.95 on the upside , eventually ending the session at $26.53, with a gain of 0.34% or 0.09 points. The heightened volatility saw the trading volume jump to 2,497,297 shares. The 52-week high of the share price is $65 and the company has a market cap of $3,136 million. The 52-week low of the share price is at $24.49 .

Currently the company Insiders own 5.2% of Community Health Systems, Inc. shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by 18.97% . Institutional Investors own 96.59% of Community Health Systems, Inc. shares. During last six month period, the net percent change held by insiders has seen a change of 15.52%. On a different note, The Company has disclosed insider buying and selling activities to the Securities Exchange, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the director of Community Health Systems Inc, Clerico John A, had purchased 10,000 shares in a transaction dated on November 4, 2015. The transaction was executed at $27.62 per share with total amount equaling $276,200.

Community Health Systems, Inc., is an operator of hospitals in the United States. The Company provides healthcare services through the hospitals that it owns and operates in non-urban and selected urban markets throughout the United States. On March 1, 2012, the Company acquired MetroSouth Medical Center in Blue Island, Illinois. On July 1, 2012, the Companys subsidiaries acquired all of the assets of Memorial Health Systems in York, Pennsylvania. In January 2014, Community Health Systems Inc completed the acquisition of Health Management Associates, Inc. In April 2014, Community Health Systems Inc announced that its subsidiaries have completed the acquisition of substantially all of assets of Sharon Regional Medical Center in Sharon, Pennsylvania, and long-term lease of Munroe Regional Medical Center in Ocala, Florida.