Chemung Financial Corp (NASDAQ: CHMG) stock enjoyed a major increase of 10.3% on 4/19/24. The shares closed at $43.50. Moreover, this advance was accompanied by above average trading volume at 129% of normal. The stock has performed in line with the market over the last nine months and has risen 9.0% during the last week.
Current PriceTarget Research Rating
CHMG is expected to continue to be a modest Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.
Chemung Financial has a current Value Trend Rating of B (Positive). This rating combines consistent signals from two proprietary PTR measures of a stock’s attractiveness. Chemung Financial has a slightly positive Power Rating of 61 and a good Appreciation Score of 71, leading to the Positive Value Trend Rating.
Rating Review
In light of this very positive price change we are reviewing our current Overall Rating of B. This review will be completed in the next several days.
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