The Ramsay Health Care Limited (ASX: RHC) share price is pushing through a turbulent day on the ASX, despite the wider market’s day in the sun.
Right now, the S&P/ASX 200 Index (ASX: XJO) has gained 1.07% or 77.9 points. Meanwhile, the All Ordinaries Index (ASX: XAO) is 1.15% higher having increased by 87.7 points today.
On the other hand, the Ramsay Health Care share price has been seesawing today. It has recorded an intraday high of $70.19 and a low of $69.09.
At the time of writing, it’s down 0.24%, with shares in the company trading for $69.58 a piece.
So what’s weighing on the Ramsay Health Care share price? Let’s take a look.
What’s up with Ramsay’s stock today?
The Ramsay Health Care share price is struggling on what is a fantastic day for the broader market.
Interestingly, there hasn’t been any happenings to explain the healthcare company’s tough day’s trade.
In fact, the market hasn’t heard price-sensitive news from Ramsay since it released its earnings for financial year 2021 nearly a month ago.
However, Ramsay’s stock isn’t alone in its struggles. The S&P/ASX 200 Health Care Index (ASX: XHJ) is the worst performing sector of the ASX 200 today.
It has fallen 0.09%, or 46.3 points, at the time of writing, with Ramsay being one of its worst performing stocks.
Only Ansell Limited (ASX: ANN) is weighing on the sector more than Ramsay. It has currently fallen 1% to trade at $34.69.
Meanwhile, the Clinuvel Pharmaceuticals Limited (ASX: CUV) share price is leading the sector with a 4.4% gain.
Ramsay Health Care share price snapshot
Despite today’s dip, the Ramsay Health Care share price has been performing alright lately.
It has gained 11% since the start of 2021. It is also 0.2% higher than it was this time last year.