CHS shares hit new low

Shares of Franklin, Tenn.-based Community Health Systems closed July 23 at $2.01, their lowest closing price ever.

The hospital chain's shares traded between $2.00 and $2.12 on July 23 and were down 2.9 percent from the day prior at market close. During the past year, CHS shares have traded between $2.00 and $5.35.

CHS is scheduled to release results for the second quarter of 2019 on Aug. 5. The company ended the first quarter of this year with 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.

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