Alert: Positive Investment/Fundamental Signals (5/16/24)-Vector Group Ltd (NYSE: VGR)

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Vector Group Ltd (NYSE: VGR). Extremely significant positive changes in investment behavior have recently occurred: its shorter term price trend turned up, and the stock’s recent price rise disrupted its longer term downtrend.

Recent meaningful positive changes in fundamentals have benefitted Vector Group Ltd (NYSE: VGR): significant quarterly earnings acceleration occurred, and the consensus estimate for December, 2024 increased significantly.

The stock is currently unrated.

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Current PriceTarget Research Rating

VGR is expected to be a major Value Eraser reflecting capital returns that are forecasted to fall short of the cost of capital.

Vector Group is currently unrated.

Recent Price Action

Vector Group Ltd (NYSE: VGR) stock rose modestly by 0.4% on 5/16/24. The stock closed at $11.14. Moreover, trading volume in this advance was unusually high at 151% of normal. The stock has been weak relative to the market over the last nine months but has risen 5.4% during the last week.

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