24/7 Market News Snapshot 18 February, 2025 – Stem, Inc. (NYSE:STEM)
DENVER, Colo., 18 February, 2025 (247marketnews.com) – (NYSE:STEM) are discussed in this article.
Stem, Inc. (STEM) has experienced a significant increase in its stock performance, opening at $0.52 and rising approximately 19.61% to a current price of $0.610. This bullish trend is further supported by substantial trading activity, with a volume of 11.22 million shares. The stock’s upward movement suggests growing investor confidence, potentially fueled by favorable market dynamics or company-specific developments. Key resistance levels are identified at around $0.65, whereas support remains close to the opening price. Market participants are advised to observe momentum indicators closely, as continued upward trends may present strategic entry points for investors.
Meanwhile, Community Health Systems, Inc. (NYSE:CYH) has reported its financial results for the fourth quarter and full year ended December 31, 2024. The company achieved net operating revenues of $3.265 billion for Q4 2024, marking a 2.6% increase year-over-year, while full-year revenues reached $12.634 billion, a modest rise of 1.2%. However, despite the revenue growth, Community Health Systems recorded a net loss attributable to stockholders of $(70) million, or $(0.53) per diluted share, contrasting with a net income of $46 million, or $0.35 per diluted share in the same quarter of 2023. The full-year loss expanded to $(516) million, compared to $(133) million in 2023.
The adjusted EBITDA for Q4 2024 stood at $428 million, up from $386 million in Q4 2023. This increase in adjusted EBITDA to $1.540 billion for the full year reflects improved reimbursement rates and a favorable payor mix, despite facing challenges such as elevated patient claim denials and rising costs for outsourced medical professionals. CEO Tim L. Hingtgen noted a positive trend in same-store admission growth of 3.4% for Q4, indicating robust demand for services and a commitment to fulfilling strategic initiatives as the company aims for sustainable growth in the future.
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