Weakness Seen in Concord Medical Services (CCM): Stock Tumbles 9.0% - Tale of the Tape

Loading...
Loading...
Concord Medical Services Holdings Limited CCM saw a big move last session, as the company's shares fell by nearly 9% on the day. The move came on pretty good volume too with far more shares changing hands than in a normal session. This reverses the recent trend for CCM, as the stock is now up about 46% in the past one-month time frame.
 
The medical services providing company has seen a flat record when it comes to current year estimate revisions over the past few weeks (0 increases, 0 decreases), and the consensus for earnings hasn't been in a trend either. This recent price action is discouraging, so make sure to keep a close watch on this firm in the near future, and especially on earnings estimates following the recent slump.
 
CCM currently has a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.
 
Some better-ranked stocks in the medical services sector include Brookdale Senior Living Inc. BKD, AdCare Health Systems Inc. ADK and Kindred Healthcare Inc. KND. While Brookdale carries a Zacks Rank #1 (Strong Buy), AdCare Health Systems and Kindred Healthcare hold a Zacks Rank #2 (Buy). 
 
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >>



ADCARE HLTH SYS ADK: Free Stock Analysis Report

BROOKDALE SENR BKD: Free Stock Analysis Report

CONCORD MED-ADR CCM: Free Stock Analysis Report

KINDRED HLTHCR KND: Free Stock Analysis Report

To read this article on Zacks.com click here.

Zacks Investment Research
Loading...
Loading...
Market News and Data brought to you by Benzinga APIs
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!

Loading...