Dallas-based Tenet Healthcare Director George Frederick Smitherman sold 39,000 personal shares of company stock for approximately $15,210 Feb. 5, the Ledger Gazette reports.
Here's what you should know:
1. Mr. Smitherman sold the shares at an average price of $0.39.
2. He also sold 14,300 shares of stock at an average price of $2.02 for approximately $28,886 Jan. 30.
3. Preceeding both sales, he purchased 125,000 shares of stock at an average price of $38.50 and a total cost of $4.8 million Jan. 25.
4. Market analysts have given Tenet a "hold" rating, attaching an average price estimate of $18.36 per share.