The Pennant Group (NASDAQ:PNTG) rose 13.9% on Thursday . The company traded as high as $18.60 and last traded at $18.54, approximately 180,223 shares traded hands during mid-day trading. A decline of 43% from the average daily volume of 313,476 shares. The stock had previously closed at $16.28.
Separately, Royal Bank of Canada initiated coverage on The Pennant Group in a research note on Tuesday, October 22nd. They issued a “sector perform” rating and a $20.00 target price on the stock.
About The Pennant Group (NASDAQ:PNTG)
The Pennant Group, Inc offers home health, hospice, and senior living services across Arizona, California, Colorado, Idaho, Iowa, Nevada, Oklahoma, Oregon, Texas, Utah, Washington, Wisconsin, and Wyoming. It operates in two segments, Home Health and Hospice Services, and Senior Living Services. The company offers home health services, including clinical services, such as nursing, speech, occupational and physical therapy, medical social work, and home health aide services; and hospice services comprising clinical care, education, and counseling services for the physical, spiritual, and psychosocial needs of terminally ill patients and their families.
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