Select Medical Up 13.8% Since Q3 Earnings Top on Patient Day Growth
Portfolio Pulse from
Select Medical Holdings Corporation (SEM) saw a 13.8% increase in stock price following strong Q3 earnings, driven by growth in patient days and admissions in its Rehabilitation Hospital segment. However, elevated expenses partially offset these gains.
November 05, 2024 | 4:15 pm
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
Select Medical's stock rose 13.8% after reporting strong Q3 earnings, attributed to increased patient days and admissions in its Rehabilitation Hospital segment. However, higher expenses partially offset these positive results.
The 13.8% increase in SEM's stock price is directly linked to its strong Q3 earnings report, which highlighted growth in patient days and admissions. This positive performance in the Rehabilitation Hospital segment is a key driver for the stock's upward movement. However, the impact of elevated expenses suggests that while the earnings report is positive, there are cost concerns that investors should be aware of.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100