Alert: Major Price Decline (11/30/23)-Weibo Corp (NASDAQ: WB).

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On 11/30/23, Weibo Corp (NASDAQ: WB) stock suffered a major decline of -10.7%, closing at $10.11. Moreover, this decline was accompanied by exceptionally high trading volume at 1181% of normal. The stock has declined -15.0% during the last week and has been weak relative to the market over the last nine months.

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Current PriceTarget Research Rating

With future capital returns forecasted to be above the cost of capital, WB is expected to continue to be an important Value Builder.

Weibo has a current Value Trend Rating of C (Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing very contradictory signals. Weibo has a very high Appreciation Score of 94 but a poor Power Rating of 19, leading to the Neutral Value Trend Rating.

Rating Review

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

About John Lafferty 125632 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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