Community Health Systems, Inc. (NYSE:CYH) [Trend Analysis] retains strong position in active trade, as shares scoring 0.60% to $10.08 in a active trade session, while looking at the shares volume, about 2.44 Million shares have changed hands in this session. Community Health Systems, Inc. (CYH) reported that a subsidiary has inked a definitive contract to sell a majority ownership interest in the firm’s Home Health division to a subsidiary of Almost Family, Inc. (AFAM).
The firm has before reported plans to reduce and refine its overall portfolio with proceeds being used to pay down debt. Almost Family stated the total purchase price for 80% of the equity interest in CHS Home Health is $128 million. Almost Family expects the acquisition to be accretive to EPS in 2017. The firm has institutional ownership of 94.90%, while insider ownership included 0.20%. CYH attains analyst recommendation of 3.00 with week’s performance of -5.88%. Investors looking additional ahead will note that the Price to next year’s EPS is 45.23%.
SUPERVALU Inc. (NYSE:SVU) [Trend Analysis] knocking active thrust in leading trading session, shares an raise of 5.79% to 5.30 with about 9.27 Million shares have changed hands in this session. Supervalu Inc.(SVU) reported Monday that it has entered into a definitive contract to sell Save-A-Lot business to an associate of Onex Corp. (OCX) for $1.365 billion in cash, subject to customary closing adjustments.
The sale of Save-A-Lot is predictable to be completed by January 31, 2017, subject to regulatory authorization s and other customary closing conditions. In connection with the sale, SUPERVALU and Save-A-Lot will enter into a five-year professional services contract. The stock is going forward its fifty-two week low with 34.52% and lagging behind from its 52-week high price with -28.09%.
Same, the positive performance for the quarter recorded as 0.76% and for the year was -26.29%, while the YTD performance remained at -21.83%. SVU has Average True Range for 14 days of 0.17.