Alert: Major Price Decline (1/8/24)-Spirit Aerosystems Holdings Inc (NYSE: SPR).

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On 1/8/24, Spirit Aerosystems Holdings Inc (NYSE: SPR) stock suffered a major decline of -11.1%, closing at $28.20. Moreover, this decline was accompanied by exceptionally high trading volume at 634% of normal. The stock has performed in line with the market over the last nine months and has declined -11.2% during the last week.

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Current PriceTarget Research Rating

SPR’s future returns on capital are forecasted to be below the cost of capital. Accordingly, the company is expected to be a major Value Eraser.

Spirit Aerosystems Holdings is currently unrated.

Rating Review

The stock is currently unrated.

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