Alert: Major Price Advance (11/29/18)-Tech Data Corporation (NASDAQ: TECD).


Tech Data Corp (NASDAQ: TECD)



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.

Rating Review

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.

About John Lafferty 76994 Articles
During his career, John has developed valuation and stock rating methodologies, managed institutional portfolios and mutual funds, and provided equity research to institutional investors on thousands of companies. He has been Director of Research at PTR since its inception in 2004.

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