Recent extremely meaningful negative changes in investment behavior have impacted BlueLinx Holdings Inc (NYSE: BXC): negative upside/downside volume developed, and the stock fell on very heavy volume.
BlueLinx Holdings Inc (NYSE: BXC). Important negative changes in fundamentals have recently occurred: significant quarterly sales deceleration occurred, and significant quarterly earnings deceleration occurred.
In light of these highly negative signals we are reviewing our current Overall Rating of A. We would view the shares with caution pending completion of this review in the next several days.
Current PriceTarget Research Rating
With future capital returns forecasted to be above the cost of capital, BXC is expected to continue to be a Value Builder.
BlueLinx Holdings has a current Value Trend Rating of A (Highest Rating). This rating combines consistent signals from two proprietary PTR measures of a stock’s attractiveness. BlueLinx Holdings has a good Appreciation Score of 71 and a very high Power Rating of 93, and the Highest Value Trend Rating results.
Recent Price Action
BlueLinx Holdings Inc (NYSE: BXC) stock closed at $100.59 on 5/1/24 after a large decline of -8.3%. Moreover, this decline was accompanied by exceptionally high trading volume at 327% of normal. The stock has been exceptionally strong relative to the market over the last nine months but has declined -11.7% during the last week.
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