On 5/7/24, Ambac Financial Group Inc (NYSE: AMBC) stock enjoyed a major increase of 19.3%, closing at $18.04. Moreover, exceptionally high trading volume at 403% of normal accompanied the advance. The stock has been strong relative to the market over the last nine months and has risen 22.2% during the last week.
Current PriceTarget Research Rating
With future capital returns forecasted to be in line with the cost of capital, AMBC is expected to be Value Creation neutral.
Ambac Financial Group has a current Value Trend Rating of B (Positive). The Value Trend Rating reflects consistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Ambac Financial Group has a slightly positive Appreciation Score of 61 and a good Power Rating of 79, resulting in 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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