Acadia Healthcare Shares Surge on Positive Healthcare Volumes

Acadia Healthcare shares surged by two percent in early trading, following a Cantor Fitzgerald survey indicating robust healthcare volumes and optimistic outlook among providers. The survey, conducted among private hospital executives, revealed positive trends in both inpatient and outpatient volumes, suggesting solid full-year guidance. Despite the markets positive response, shares later cooled off, currently trading at $14.78, a two point eight percent gain from the previous close. However, the stock remains volatile, down sixty-three point seven percent since the start of the year and sixty-seven point five percent below its fifty-two-week high. A $1000 investment five years ago would now be worth just $305.12, raising questions about its long-term prospects.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.