Stock Sales Rising to $78 Billion Highest in U.S. Since ’96

Stock Sales Rising to $78 Billion Highest in U.S. Since ’96

Matthew Staver/Bloomberg

The price-earnings ratio for HCA, the largest for-profit U.S. hospital chain, reached 22 by the end of 2012, about a month and a half before it announced a group of existing investors were selling 50 million shares.