Insights

The market’s having a good day, so why’s the Ramsay Health Care (ASX:RHC) share price struggling?

What’s weighing on Ramsay’s stock today?
The post The market’s having a good day, so why’s the Ramsay Health Care (ASX:RHC) share price struggling? appeared first on The Motley Fool Australia. –

The Ramsay Health Care Limited (ASX: RHC) share price is pushing through a turbulent day on the ASX, despite the wider market’s day in the sun.

Right now, the S&P/ASX 200 Index (ASX: XJO) has gained 1.07% or 77.9 points. Meanwhile, the All Ordinaries Index (ASX: XAO) is 1.15% higher having increased by 87.7 points today.

On the other hand, the Ramsay Health Care share price has been seesawing today. It has recorded an intraday high of $70.19 and a low of $69.09.

At the time of writing, it’s down 0.24%, with shares in the company trading for $69.58 a piece.

So what’s weighing on the Ramsay Health Care share price? Let’s take a look.

What’s up with Ramsay’s stock today?

The Ramsay Health Care share price is struggling on what is a fantastic day for the broader market.

Interestingly, there hasn’t been any happenings to explain the healthcare company’s tough day’s trade.

In fact, the market hasn’t heard price-sensitive news from Ramsay since it released its earnings for financial year 2021 nearly a month ago.

However, Ramsay’s stock isn’t alone in its struggles. The S&P/ASX 200 Health Care Index (ASX: XHJ) is the worst performing sector of the ASX 200 today.

It has fallen 0.09%, or 46.3 points, at the time of writing, with Ramsay being one of its worst performing stocks.

Only Ansell Limited (ASX: ANN) is weighing on the sector more than Ramsay. It has currently fallen 1% to trade at $34.69.

Meanwhile, the Clinuvel Pharmaceuticals Limited (ASX: CUV) share price is leading the sector with a 4.4% gain.

Ramsay Health Care share price snapshot

Despite today’s dip, the Ramsay Health Care share price has been performing alright lately.

It has gained 11% since the start of 2021. It is also 0.2% higher than it was this time last year.

The post The market’s having a good day, so why’s the Ramsay Health Care (ASX:RHC) share price struggling? appeared first on The Motley Fool Australia.

Should you invest $1,000 in Ramsay Health Care right now?

Before you consider Ramsay Health Care, you’ll want to hear this.

Motley Fool Investing expert Scott Phillips just revealed what he believes are the 5 best stocks for investors to buy right now… and Ramsay Health Care wasn’t one of them.

The online investing service he’s run for nearly a decade, Motley Fool Share Advisor, has provided thousands of paying members with stock picks that have doubled, tripled or even more.* And right now, Scott thinks there are 5 stocks that are better buys.

*Returns as of August 16th 2021

More reading

3 experts pick 3 ASX shares to rocket in next 12 months

Top brokers name 3 ASX shares to buy next week

The Ramsay Health Care (ASX:RHC) share price is down 5% in 8 days. Could it be a buy?
2 ASX shares that won’t stay cheap: fund manager

Why analysts rate these ASX healthcare shares highly

Motley Fool contributor Brooke Cooper has no position in any of the stocks mentioned.

The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has recommended Ansell Ltd. and Ramsay Health Care Limited. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

Trade The World Anywhere & Anytime!

Mobile app platform with over 50,000 global listed securities across 12 markets (over 70% global market capitalisation), right from your Android or iOS device.

Integrated with exclusive trading idea and investment analysis tools to help you find actionable insight on virtually every financial instrument across our 12 global markets, to help you optimise your trading strategies.

Refer Your Friends

Tell your friends about Monex and gift them FREE access to our trading tools.

We respect your privacy and will only send this one email notification to your friends. 

Share With Your Friends

Share on facebook
Share on twitter
Share on linkedin

Monex Trading Tools Access and Usage Terms

The Monex Trading Tools (referred to as ‘tools’ hereafter) are available to you inside your client portal;


To activate access to the tools, you must have a verified and approved trading account and have made a deposit of at least AUD $1000.


An active and funded account with a positive trading balance is required to continue to have access to the tools;


Although the tools are available to you indefinitely, Monex Securities may at it’s discretion disable access to the tools in the future;


Monex securities reserves the right to change these terms and conditions from time to time, as it sees fit, without notice.

Important Notice
iOS & Android App - 12 International Markets & Over 70% Global Market Cap. $0 Brokerage On US Trades. Click Here!