No actionable signal from this cluster. Director-level sales of this magnitude are routine and non-informative. Monitor for any C-suite selling or a material increase in dollar volume above $10M before reassessing.
Price Chart
Executive Summary
Two Tenet Healthcare directors (Romo Tammy and Blunt Roy) sold a combined $1.46M in open-market sales over a 3-day window, with Romo accounting for $1.95M of the total. At a $21.1B market cap, these sales represent ~0.007% of market cap — well below the 0.1% materiality threshold — and are both directors, not C-suite executives, further reducing their informational weight. The sales are routine in size and seniority level, warranting a neutral read with no actionable signal.
Key Financial Metrics
Key Facts
- Director Romo Tammy sold 7,422 shares total ($1.95M) on Aug 6-7, 2026
- Director Blunt Roy sold 600 shares ($158K) on Aug 5, 2026
- Total cluster value of $1.46M represents ~0.007% of THC's $21.1B market cap
- No C-suite executives participated in the cluster
- All sales were open-market transactions (code S), not 10b5-1 plan sales
Financial Impact
$1.46M in insider sales, negligible relative to $21.1B market cap
Risk Factors
- No material risk identified from this filing alone
- Prior historical performance shows a 67% win rate at T+20 on THC reports, but this cluster is too small to drive a directional call
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 SEC document filed with EDGAR.
| Document | Accession Number |
|---|---|
| CLUSTER Data (Synthetic) | cluster-THC-1786406474997 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Sep 11, 2026 21d ago | Court Ruling | $263.69 $261.99 | ▼ −0.64% | ▼ −0.42% | $258.68 (−1.90%) |
Sep 4, 2026 28d ago | Insider Cluster | $265.05 $264.51 | ▼ −0.20% | ▲ +1.01% | $258.68 (−2.40%) |
Sep 2, 2026 4w ago | Insider Cluster | $258.53 $263.46 | ▲ +1.91% | ▲ +2.86% | $258.68 (+0.06%) |
Aug 27, 2026 5w ago | Insider Cluster | $267.75 $263.49 | ▲ +1.59% | ▲ +1.86% | $258.68 (+3.39%) |
Aug 27, 2026 5w ago | Insider Cluster | $267.75 $263.49 | ▲ +1.59% | ▲ +1.86% | $258.68 (+3.39%) |
Aug 11, 2026 7w ago | Insider Cluster | $259.45 $270.21 | ▲ +4.15% | ▲ +4.55% | $258.68 (−0.30%) |
Aug 8, 2026 7w ago | Insider Cluster | $259.93 $264.56 | ▲ +1.78% | ▲ +1.83% | $258.68 (−0.48%) |
Aug 1, 2026 8w ago | Insider Cluster | $249.99 $259.93 | ▲ +3.98% | ▲ +1.95% | $258.68 (+3.48%) |
Jul 29, 2026 9w ago | Insider Cluster | $257.62 $261.74 | ▲ +1.60% | ▼ −3.93% | $258.68 (+0.41%) |
May 30, 2026 17w ago | Insider Cluster | $170.09 $162.06 | ▼ −4.72% | ▼ −1.97% | $258.68 (+52.08%) |
US Market Status
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