Shares of Community Health Systems closed Aug. 2 at $1.94, their lowest closing price ever and down 3 percent from the day prior.
The Franklin, Tenn.-based hospital chain's stock price traded as low as $1.92 on Aug. 2 after closing Aug. 1 at $2 per share. During the past year, CHS shares have traded between $1.92 and $5.35.
CHS is slated to release its second-quarter financial results after market close on Aug. 5. The company ended the first quarter of this year with a net loss of $118 million on revenues of $3.38 billion. That's compared to the first quarter of 2018, when CHS reported a net loss of $25 million on revenues of $3.69 billion.
More articles on healthcare finance:
Texas hospital closes
Struggling New York hospital secures buyer, $20M in funding
Care New England's financial turnaround continues after calling off merger