Recent extremely meaningful negative changes in investment behavior have impacted CrossAmerica Partners LP (NYSE: CAPL): the stock’s recent price decline challenged its longer term uptrend, and the stock fell on very heavy volume.
CrossAmerica Partners LP (NYSE: CAPL) has recently experienced significant negative changes in fundamentals: the stock’s power rating fell below 50, and significant quarterly earnings deceleration occurred.
In light of these highly negative signals we are reviewing our current Overall Rating of C. We would view the shares with caution pending completion of this review in the next several days.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to be above the cost of capital, CAPL is expected to continue to be a major Value Builder.
CrossAmerica Partners has a current Value Trend Rating of C (High Neutral). This VT Rating improved in recent days from C previously. This rating combines inconsistent signals from two proprietary PTR measures of a stock’s attractiveness. CrossAmerica Partners has a good Appreciation Score of 72 but a neutral Power Rating of 48, with the High Neutral Value Trend Rating the result.
Recent Price Action
On 5/10/24, CrossAmerica Partners LP (NYSE: CAPL) stock declined by -4.3%, closing at $20.24. Moreover, this decline was accompanied by exceptionally high trading volume at 360% of normal. The stock has declined -10.7% during the last week and has performed in line with the market over the last nine months.
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