DaVita Stock Gains 47.3% Year to Date: What's Behind the Rally?

DaVita, Inc.(DVA) has witnessed strong momentum year to date, with its shares up 47.3% compared with the industry's growth of 14.8%. The S&P 500 composite has risen 19.5% in the same period. DaVita, carrying a Zacks Rank #2 (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. DaVita is a leading provider of dialysis ...