Tech Data Corp (NASDAQ: TECD)
ALERT – MAJOR PRICE ADVANCE
Major Price Advance
Tech Data Corporation (NASDAQ: TECD) stock closed at $89.89 on 11/29/18 after a major increase of 22.0%. Moreover, this advance was accompanied by exceptionally high trading volume at 766% of normal. Relative to the market the stock has been weak over the last nine months but has risen 26.3% during the last week.
Current PriceTarget Research Rating
With future capital returns forecasted to be above the cost of capital, TECD is expected to continue to be a modest Value Builder.
Tech Data has a current Value Trend Rating of C (Low Neutral). The Value Trend Rating reflects very contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. Tech Data has a very high Appreciation Score of 86 but a slightly negative Power Rating of 35, producing the Low Neutral Value Trend Rating.
In light of this very positive price change we are reviewing our current Overall Rating of C. This review will be completed in the next several days.