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AHCO - Why AdaptHealth's Shares Jumped 30% on Tuesday
AdaptHealth Corp.
Shares of medical equipment maker AdaptHealth (NASDAQ: AHCO) climbed 30% on Tuesday. The company, which serves approximately 3.8 million patients annually through its 750 locations in 47 states, released its first-quarter report after the market closed on Monday.
Three factors in the release pushed the stock higher: AdaptHealth posted a profit compared with a loss in the same quarter a year ago, it issued upgraded guidance for 2022, and it announced that it was planning $200 million of stock buybacks.