Gen Digital Inc (NASDAQ: GEN) stock enjoyed a major increase of 15.3% on 5/10/24. The shares closed at $23.46. Moreover, this advance was accompanied by exceptionally high trading volume at 356% of normal. The stock has been strong relative to the market over the last nine months and has risen 19.2% during the last week.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to be above the cost of capital, GEN is expected to continue to be a major Value Builder.
Gen Digital has a current Value Trend Rating of A (Highest Rating). This VT Rating improved modestly in recent days from B previously. With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing complementary signals. Gen Digital has a slightly positive Power Rating of 64 and a very high Appreciation Score of 90, resulting in the Highest Value Trend Rating.
Rating Review
In light of this very positive 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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