DaVita Rallies 44% Year to Date: What's Driving the Stock?

DaVita (DVA) has witnessed strong momentum year to date, with its shares up 44% compared with the industry growth of 17.9%. The S&P 500 composite has risen 18.4% in the year-to-date period. DaVita, carrying a Zacks Rank #1 (Strong Buy) at present, is witnessing an upward trend in its stock price, prompted by the company's business model. The optimism, led by a solid second-quarter 2024 performance and the acquisition of dialysis centers, is expected to contribute further. Denver, CO-headquartered DaVita, is ...