Principal Accounting Officer Sells $1.87M in Stock Near 52-Week High
THC has more than doubled off its 52-week low of $109.824.
Summary
Tenet Healthcare's Principal Accounting Officer sold $1.87 million worth of common stock, adding to recent insider selling activity as the stock trades near its 52-week high.
Key Events · Ownership and Investor Activity · THC
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Significant Open Market Sale
Ramsey R. Scott, Principal Accounting Officer, sold 8,017 shares of common stock for a total of $1,865,576.86 in open market transactions on March 2, 2026.
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Option Exercise and Tax Withholding
The sale followed the exercise of options for 2,334 shares and included the disposition of 4,208 shares valued at $1,007,036.37 to cover tax withholdings related to vesting restricted stock units on February 27, 2026.
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Insider Selling Trend
This transaction contributes to a net insider distribution of over $5.6 million in open market sales over the past 90 days, occurring while the stock trades near its 52-week high.
Analysis · THC · Industrial Applications And Services
Ramsey R. Scott, Principal Accounting Officer, executed a significant open market sale of company stock totaling $1.87 million. This transaction, occurring near the company's 52-week high, contributes to a broader pattern of insider distribution observed over the last 90 days. While the percentage of market cap is small for this large company, the absolute dollar value represents a notable disposition by a key officer. Investors should monitor future insider activity for continued selling trends.
At the time of this filing, THC was trading at $242.88 on NYSE in the Industrial Applications And Services sector, with a market capitalization of approximately $21.1B. The 52-week trading range was $109.82 to $243.72. This filing was assessed with negative market sentiment and an importance score of 7 out of 10.