Trade-Ideas: Health Net (HNT) Is Today's New Lifetime High Stock

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer.

Trade-Ideas LLC identified Health Net ( HNT) as a new lifetime high candidate. In addition to specific proprietary factors, Trade-Ideas identified Health Net as such a stock due to the following factors:

  • HNT has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $32.2 million.
  • HNT has traded 5,408 shares today.
  • HNT is trading at a new lifetime high.

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More details on HNT:

Health Net, Inc. provides managed health care services through health plans and government-sponsored managed care plans in the United States. It operates through Western Region Operations and Government Contracts segments. HNT has a PE ratio of 34. Currently there are 3 analysts that rate Health Net a buy, 1 analyst rates it a sell, and 7 rate it a hold.

The average volume for Health Net has been 562,200 shares per day over the past 30 days. Health Net has a market cap of $4.8 billion and is part of the health care sector and health services industry. The stock has a beta of 0.38 and a short float of 4.1% with 6.04 days to cover. Shares are up 14.9% year-to-date as of the close of trading on Friday.

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