Why Select Medical Holdings Is Blasting 20% Higher Today

Why Select Medical Holdings Is Blasting 20% Higher Today

On Friday, big hospital and clinic operator Select Medical Holdings' (NYSE: SEM) stock price was up by roughly 20% in midafternoon trading. For Q4 2020, Select Medical's revenue rose by 6% year over year to $1.46 billion. Non-GAAP (adjusted) net profit shot 141% higher to $77.3 million ($0.57 per share).