DaVita (DVA) Hits 52-Week High: What's Driving the Stock?

Shares of DaVita Inc. (DVA) scaled a new 52-week high of $136.29 on Mar 5, before closing the session slightly lower at $134.65.Over the past year, this Zacks Rank #1 (Strong Buy) stock has gained 70.8% compared with the industry’s 22.4% rise and the S&P 500’s 25.4% growth.Over the past five years, the company registered earnings growth of 15.5% compared with the industry’s 5.8% rise. The company’s long-term expected growth rate of 12.1% compares with the industry’s growth projection of 11.2%. DaVita’s earn ...