Acadia Healthcare ( (ACHC) ) is experiencing volatility. Read on for a possible explanation for the stock’s unusual movement.
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Acadia Healthcare’s stock has taken a hit as KeyBanc lowered its price target, citing anticipated softer third-quarter volumes and potential strategic alternatives. Although the company has shown strong revenue growth, concerns over profitability and strategic direction have resulted in mixed feelings among analysts. In an effort to bolster financial leadership and operational efficiency, Acadia has appointed Todd Young as its new CFO.
More about Acadia Healthcare
YTD Price Performance: -33.21%
Average Trading Volume: 2,705,053
Technical Sentiment Signal: Sell
Current Market Cap: $2.44B
For further insights into ACHC stock on TipRanks’ Stock Analysis page.
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