Tenet Adds $8B in Market Cap in 2024: Why it's Still a Healthy Buy

For-profit hospital operator Tenet Healthcare Corporation (THC) has seen impressive gains in 2024, with shares skyrocketing 118.2%, far outpacing the industry's 50.5% growth and the S&P 500's 19.9% rise. It also outpaced its peers like Universal Health Services, Inc. (UHS) and HCA Healthcare, Inc. (HCA) . This rally has boosted Tenet Healthcare's market capitalization by $8.13 billion in 2024 alone. With this sharp rally, the question for investors is whether to ride the momentum for more potential upside o ...