Alert: Major Price Decline (5/23/24)-Cytokinetics Inc (NASDAQ: CYTK).

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On 5/23/24, Cytokinetics Inc (NASDAQ: CYTK) stock suffered a major decline of -17.3%, closing at $48.98. Moreover, exceptionally high trading volume at 756% of normal accompanied the decline. The stock has declined -19.0% during the last week but has been exceptionally strong relative to the market over the last nine months.

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Current PriceTarget Research Rating

With future capital returns forecasted to be below the cost of capital, CYTK is expected to be a major Value Eraser.

Cytokinetics is currently unrated.

Rating Review

The stock is currently unrated.

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