MillerKnoll Inc (NASDAQ: MLKN) stock suffered a major decline of -18.9% on 3/28/24. The shares closed at $24.76. Moreover, trading volume in this decline was exceptionally high at 357% of normal. The stock has been exceptionally strong relative to the market over the last nine months but has declined -18.7% during the last week.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to exceed the cost of capital, MLKN is expected to continue to be a Value Builder.
MillerKnoll has a current Value Trend Rating of A (Highest Rating). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing complementary signals. MillerKnoll has a slightly positive Appreciation Score of 65 and a very high Power Rating of 100, producing the Highest Value Trend Rating.
Rating Review
In light of this highly negative price change we are reviewing our current Overall Rating of A. This review will be completed in the next several days.
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