Time New York: Wed 13 Dec 04:19 am  |  Save 15% on H&R Block Online

  
caticonslite_bm_alt

DaVita (DVA) Surges: Stock Moves 13.6% Higher

Zacks

DaVita Inc. DVA was a big mover last session, as the company saw its shares rise nearly 14% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This continues the recent uptrend for the company—as the stock is now up 17.4% in the past one-month time frame.

The stock rose after news that the dialysis services company agreed to sell its physician practice business, DaVita Medical Group, to health insurer UnitedHealth for roughly $4.9 billion.

The company has seen three negative estimate revisions in the past few weeks, while its Zacks Consensus Estimate for the current quarter has also moved lower over the past few weeks, suggesting there may be trouble down the road. So make sure to keep an eye on this stock going forward, to see if this recent move higher can last.

DaVita currently has a Zacks Rank #5 (Strong Sell) while its Earnings ESP is negative.


A better-ranked stock in the Medical – Outpatient and Home Healthcare industry is Chemed Corporation CHE, holding a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

Is DVA going up? Or down? Predict to see what others think:Up or Down

Zacks' Hidden Trades

While we share many recommendations and ideas with the public, certain moves are hidden from everyone but selected members of our portfolio services. Would you like to peek behind the curtain today and view them?

Starting now, for the next month, I invite you to follow all Zacks' private buys and sells in real time from value to momentum…from stocks under $10 to ETF to option movers…from insider trades to companies that are about to report positive earnings surprises (we've called them with 80%+ accuracy). You can even look inside portfolios so exclusive that they are normally closed to new investors.

Click here for Zacks' secret trade>>


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

To read this article on Zacks.com click here.

Zacks Investment Research
<-- You can share this post with your network,
or give us your opinion and leave a comment.
Be sure to check our RSS feeds for updates.