Tenet Healthcare Director George Fredrick Smitherman sells 39k shares — 4 insights

Dallas-based Tenet Healthcare Director George Frederick Smitherman sold 39,000 personal shares of company stock for approximately $15,210 Feb. 5, the Ledger Gazette reports.

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Here’s what you should know:

1. Mr. Smitherman sold the shares at an average price of $0.39.

2. He also sold 14,300 shares of stock at an average price of $2.02 for approximately $28,886 Jan. 30.

3. Preceeding both sales, he purchased 125,000 shares of stock at an average price of $38.50 and a total cost of $4.8 million Jan. 25.

4. Market analysts have given Tenet a “hold” rating, attaching an average price estimate of $18.36 per share.

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