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.
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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.