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Stock impact report

Why Acadia Healthcare (ACHC) Shares Are Getting Obliterated Today [Yahoo! Finance]

Acadia Healthcare Company, Inc. (ACHC) 
Last acadia healthcare company, inc. earnings: 2/27 04:05 pm Check Earnings Report
Company Research Source: Yahoo! Finance
financial impact from a new Medicaid policy in New York, which prompted an analyst price target cut. The new policy restricts reimbursement for patients who travel out of state for care, which created a significant challenge for the behavioral healthcare provider. Acadia Healthcare announced this would result in an estimated $25 million to $30 million headwind to its EBITDA. In response to the news, RBC Capital lowered its price target on the stock to $17.00 from $19.00. The stock's drop continued the negative momentum from the previous trading session, when shares also fell after the company first announced the anticipated financial impact. The shares closed the day at $11.73, down 6.5% from previous close. The stock market overreacts to news, and big price drops can present good opportunities to buy high-quality stocks. Is now the time to buy Acadia Healthcare? Access our full analysis report here, it's free Acadia Healthcare's shares are very volatile and have had 29 moves Show less Read more
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