Insight Guru says health care dominates mid-cap 52-week highs list, with 9 of 15 names at peaks
PUBT·
- Insight Guru reported that 15 mid-cap US and Canada-listed stocks with a market value above USD 10 billion reached 52-week highs, with health care dominating 9 of those 15 spots.
- Individual stock metrics showed varied performances, such as Tenet Healthcare rising 39.5 % in the past month with a 19.5 % operating margin, and Illumina trading at a P/E ratio of 39.
- The report cautioned that 52-week highs indicate price strength rather than business quality, while the S&P 500 gained 2 % over the last month.