Alert: Major Price Advance (1/2/24)-XOMA Corp (NASDAQ: XOMA).

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On 1/2/24, XOMA Corp (NASDAQ: XOMA) stock enjoyed a major increase of 12.9%, closing at $20.89. Moreover, this advance was accompanied by exceptionally high trading volume at 270% of normal. The stock has risen 15.5% during the last week and has performed in line with the market over the last nine months.

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Current PriceTarget Research Rating

Reflecting future returns on capital that are forecasted to fall short of the cost of capital, XOMA is expected to be a modest Value Eraser.

XOMA has a current Value Trend Rating of F (Lowest Rating). This rating combines complementary signals from two proprietary PTR measures of a stock’s attractiveness. XOMA has a slightly negative Power Rating of 34 and a very low Appreciation Score of 15, leading to the Lowest Value Trend Rating.

Rating Review

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

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