Shares of Community Health Systems (NYSE:CYH) ended Tuesday session in red amid volatile trading. The shares closed down -0.31 points or -5.87% at $4.97 with 7.76 million shares getting traded. Post opening the session at $5.29, the shares hit an intraday low of $4.75 and an intraday high of $5.34 and the price vacillated in this range throughout the day. The company has a market cap of $570.18 million and the numbers of outstanding shares have been calculated to be 113.64 million shares.
Community Health Systems (CYH) announced financial and operating results for the three and nine months ended September 30, 2016.
On April 29, 2016, the Company completed the spin-off of Quorum Health Corporation (“QHC”), comprised of 38 affiliated hospitals and related outpatient services in 16 states, together with Quorum Health Resources, LLC, a subsidiary providing management advisory and consulting services to non-affiliated hospitals. Following the spin-off, QHC became an independent public company with its common stock listed for trading under the symbol “QHC” on the New York Stock Exchange. Financial and statistical data reported in this earnings release include QHC operating results through the spin-off date. Same-store operating results and statistical data exclude information for the hospitals divested in the spin-off of QHC in both the 2016 periods and the comparable periods in 2015.