Alert: Major Price Advance (9/20/19)-Akorn Inc (NASDAQ: AKRX).

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On 9/20/19, Akorn Inc (NASDAQ: AKRX) stock enjoyed a major increase of 11.7%, closing at $4.10. Moreover, this advance was accompanied by unusually high trading volume at 190% of normal. The stock has risen 9.6% during the last week but has been weak relative to the market over the last nine months.

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Current PriceTarget Research Rating

Reflecting future returns on capital that are forecasted to exceed the cost of capital, AKRX is expected to continue to be a modest Value Builder.

Akorn has a current Value Trend Rating of D (Negative). The Value Trend Rating reflects inconsistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Akorn has a neutral Appreciation Score of 50 but a poor Power Rating of 19, triggering the Negative Value Trend Rating.

Rating Review

In light of this very positive price change we are reviewing our current Overall Rating of D. This review will be completed in the next several days.

About John Lafferty 54938 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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