CYH, CTRX And ISRG, Pushing Health Services Industry Downward

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One out of the three major indices are trading lower today with the Dow Jones Industrial Average ( ^DJI) trading up 91 points (0.6%) at 16,492 as of Wednesday, May 7, 2014, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,744 issues advancing vs. 1,239 declining with 163 unchanged.

The Health Services industry currently sits down 0.9% versus the S&P 500, which is up 0.3%. On the negative front, top decliners within the industry include Novadaq Technologies ( NVDQ), down 14.0%, Boston Scientific ( BSX), down 1.2%, HCA Holdings ( HCA), down 1.0% and Medtronic ( MDT), down 0.6%. Top gainers within the industry include Humana ( HUM), up 4.1%, Hologic ( HOLX), up 2.0%, Fresenius Medical Care AG & Co. KGaA ( FMS), up 1.4% and Cigna ( CI), up 1.0%.

TheStreet would like to highlight 3 stocks pushing the industry lower today:

3. Community Health Systems ( CYH) is one of the companies pushing the Health Services industry lower today. As of noon trading, Community Health Systems is down $1.97 (-5.0%) to $37.45 on heavy volume. Thus far, 2.3 million shares of Community Health Systems exchanged hands as compared to its average daily volume of 1.7 million shares. The stock has ranged in price between $37.02-$39.43 after having opened the day at $38.64 as compared to the previous trading day's close of $39.42.

Community Health Systems, Inc., together with its subsidiaries, provides general and specialized hospital healthcare services to patients in the United States. Community Health Systems has a market cap of $4.6 billion and is part of the health care sector. Shares are up 0.4% year-to-date as of the close of trading on Tuesday. Currently there are 12 analysts that rate Community Health Systems a buy, no analysts rate it a sell, and 6 rate it a hold.

TheStreet Ratings rates Community Health Systems as a buy. The company's strengths can be seen in multiple areas, such as its reasonable valuation levels and good cash flow from operations. We feel these strengths outweigh the fact that the company has had sub par growth in net income. Get the full Community Health Systems Ratings Report now.

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