Investing.com - Tenet Healthcare Corporation (NYSE:THC)shares had another positive showing on Monday. Last Friday, shares experienced a significant bounce after two Glenview Capital Management LLC representatives resigned their board seats.
Glenview is the company’s largest institutional shareholder. There is the sentiment that the resignations have cleared the way for a possible proxy fight, as the resignations terminate a standstill agreement that prevented Glenview from “evaluating other ways to be a constructive owner of Tenet.”
Tenet’s shares closed Friday’s session up 14% and on Monday they added 14.6%. 18.51 million shares changed hands on Monday, well above the normal 4.31 million.