The S&P 500’s top gainers on December 27 were as follows:
Envision Healthcare (EVHC), an American healthcare company and national hospital-based physician group, was the top gainer of the S&P 500 on December 27. After gaining for the sixth consecutive trading week, the stock started this week on a weaker note but regained strength on Wednesday.
The market sentiment on Envision Healthcare improved this month amid stability in the Health Care sector, analyst price upgrades, and an increase in stake by Wells Fargo. In the last week, the prices moved higher after management agreed to a final settlement with the US Department of Justice to resolve the claims of illegal payments to physicians for referring patients under Medicare. In the last week, analysts at SunTrust Robinson upgraded the price target of Envision Healthcare from $34 to $40.
On December 27, Envision Healthcare rose 2.4% and closed the day at $34.56. Envision Healthcare is a part of the S&P 500 Health Care Index, which rose 0.19% on December 27. In the next part of this series, we’ll discuss the performance of Marriot (MAR) and Qorvo (QRVO) on Thursday.