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CYH Falls to Levels Below Book Value

By Market News Video Staff, Monday, July 18, 1:07 PM ET
Now Playing: The Importance of Book Value


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In trading on Monday, shares of Community Health Systems, Inc. (NYSE:CYH) crossed below their last reported book value — defined as common shareholder equity per share — of $24.60, changing hands as low as $24.51 per share. Community Health Systems, Inc. shares are currently trading down about 3.7% on the day. The chart below shows the one year performance of CYH shares, versus its 50 and 200 day moving averages:

Community Health Systems, Inc. Moving Averages Chart

Looking at the chart above, CYH's low point in its 52 week range is $22.33 per share, with $42.50 as the 52 week high point — that compares with a last trade of $24.54.

According to the ETF Finder at ETF Channel, CYH makes up 2.19% of the First Trust Health Care AlphaDEX Fund ETF (AMEX:FXH) which is trading lower by about 1.5% on the day Monday.

     See what other ETFs contain CYH »
     See what other stocks are held by FXH »

CYH operates in the Hospital & Medical Practitioners sector, among companies like AdCare Health Systems, Inc. (AMEX:ADK) which is off about 0.5% today, and PHC, Inc. (PHC). Below is a three month price history chart comparing the stock performance of CYH, versus ADK.

CYH,ADK Relative Performance Chart


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