Recent extremely meaningful positive changes in investment behavior have benefitted Gen Digital Inc (NASDAQ: GEN): its shorter term price trend turned up, the stock’s recent price rise disrupted its longer term downtrend, and the stock rose on very heavy volume.
Gen Digital Inc (NASDAQ: GEN) has recently enjoyed marginal positive changes in fundamentals: significant quarterly earnings acceleration occurred.
In light of these very positive signals we are reviewing our current Overall Rating of A. We would continue to view the shares with optimism 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, GEN is expected to continue to be a major Value Builder.
Gen Digital has a current Value Trend Rating of A (Highest Rating). The Value Trend Rating reflects complementary signals from PTR’s two proprietary measures of a stock’s attractiveness. 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.
Recent Price Action
On 5/14/24, Gen Digital Inc (NASDAQ: GEN) stock enjoyed a large increase of 2.3%, closing at $24.54. Moreover, trading volume in this advance was exceptionally high at 212% of normal. The stock has been strong relative to the market over the last nine months and has risen 24.6% during the last week.
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