Alert: Negative Investment/Fundamental Signals (9/11/20)-Symantec Corp (NASDAQ: SYMC)


Symantec Corp (NASDAQ: SYMC) suffers from important negative changes in fundamentals: the stock’s power rating fell below 50, significant quarterly earnings deceleration occurred, and significant quarterly sales deceleration occurred.

Symantec Corp (NASDAQ: SYMC). Extremely significant negative changes in investment behavior have recently occurred: the stock’s recent price decline challenged its longer term uptrend, and the stock fell on very heavy volume.

The stock is currently unrated.


Current PriceTarget Research Rating

SYMC is expected to be a major Value Eraser reflecting capital returns that are forecasted to fall short of the cost of capital.

Symantec is currently unrated.

Recent Price Action

On 9/11/20, Symantec Corp (NASDAQ: SYMC) stock suffered a very large decline of -6.0%, closing at $21.13. Moreover, trading volume in this decline was exceptionally high at 570% of normal. The stock has declined -12.3% during the last week and has performed in line with the market over the last nine months.

About John Lafferty 97001 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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