Codorus Valley Bancorp Inc (NASDAQ: CVLY). Extremely significant positive changes in investment behavior have recently occurred: positive upside/downside volume developed, and the stock’s recent price rise disrupted its longer term downtrend.
Recent notable positive changes in fundamentals have benefitted Codorus Valley Bancorp Inc (NASDAQ: CVLY): the stock’s power rating rose above 70, and significant quarterly sales acceleration occurred.
In light of these very positive signals we are reviewing our current Overall Rating of C. We would view the shares with optimism pending completion of this review in the next several days.
Current PriceTarget Research Rating
CVLY is expected to continue to be a Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.
Codorus Valley Bancorp has a current Value Trend Rating of C (High Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing contradictory signals. Codorus Valley Bancorp has a slightly negative Appreciation Score of 38 but a good Power Rating of 79, producing the High Neutral Value Trend Rating.
Recent Price Action
Codorus Valley Bancorp Inc (NASDAQ: CVLY) stock declined by -2.2% on 1/3/24. The shares closed at $24.87. Moreover, above average trading volume at 149% of normal accompanied the decline. The stock has been exceptionally strong relative to the market over the last nine months but has declined -1.9% during the last week.
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