THC CLUSTER SEC Filing Analysis

Latest settled — T+5d

THC ▼ -4.72% at T+5d

NEUTRAL call ✗ call lost -4.72% · α vs SPY -1.97% · entry $170.09 → $162.06

Next anchor: T+20d in 16d

Currently $174.66 · +2.69% from $170.09 entry

Entry anchored
May 29, 2026
via day open

T+1d

-3.82%

call -3.82% · α -3.96%

$163.60

settled 12d ago

T+5d

-4.72%

call -4.72% · α -1.97%

$162.06

settled 8d ago

T+20d

—

call — · α —

—

in 16d

T+60d

—

call — · α —

—

in 2mo

Price Chart

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Executive Summary

Two directors at Tenet Healthcare sold a combined $873K in open-market sales over a 2-day window, representing 0.006% of the $14.9B market cap. The sales are trivial relative to company size and are accompanied by a large cluster of non-cash director stock grants on May 27, suggesting the sales are likely liquidity-driven rather than signaling a bearish view.

Key Financial Metrics

Direction

selling

Total Value

$872.9K

Insiders

2

Actionable Insight

The insider sales are de minimis relative to market cap and accompanied by routine director stock grants. No bearish signal. Monitor next quarterly earnings for any fundamental changes, but this cluster alone does not warrant action.

Key Facts

Director Nadja West sold 3,000 shares at $177.35 for $532,050 on May 27, 2026.
Director J. Robert Kerrey sold 1,969 shares at $173.12 for $340,873 on May 28, 2026.
Total open-market sales: $872,923, or ~0.006% of Tenet's $14.9B market cap.
Ten directors received non-cash stock grants (1,188-1,464 shares each) on May 27, 2026, with $0 economic value.
No C-suite executives participated in any open-market sales or purchases.
Recent 30-day insider activity prior to this cluster was minimal: 1 sell totaling $341K.

Financial Impact

Total insider sales of $873K represent 0.006% of market cap — immaterial.

dilution

Risk Factors

No material risk identified from this insider activity.
If future filings reveal a larger, unannounced negative catalyst, these sales could appear opportunistic in hindsight.

Market Snapshot

Exchange

NYSE

Sector

Services-General Medical & Surgical Hospitals, NEC

Analyst Consensus

85% bullish (27 analysts)

Documents Analyzed

This report is based on 1 SEC document filed with EDGAR.

Document	Accession Number
CLUSTER Data (Synthetic)	cluster-THC-1780099242692

2 reports for THC

T+1T+5T+20T+60

Track record builds as more directional reports settle.

Filters

Reports for THC — sortable, filterable
	Type				Now
May 30, 2026 14d ago	Insider Cluster NEUTRAL ★ 2/10	$170.09 $162.06	▼ −4.72%	▼ −1.97%	$174.66 (+2.69%)
Mar 2, 2026 14w ago	Insider Cluster BEARISH ★ 6/10	$235.12 $240.59	▼ −2.33%	▼ −3.53%	$174.66 (+25.71%)

US Market Status

Market Closed — Opens Mon (48h 16m)

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