Extremely significant negative changes in American Woodmark Corp (NASDAQ: AMWD) investment behavior have recently occurred: the stock’s recent price decline challenged its longer term uptrend, the stock fell on very heavy volume, and negative upside/downside volume developed.
Recent marginal negative changes in fundamentals have affected American Woodmark Corp (NASDAQ: AMWD): significant quarterly earnings deceleration occurred.
In light of these highly negative signals we are reviewing our current Overall Rating of B. We would view the shares with caution pending completion of this review in the next several days.
Current PriceTarget Research Rating
AMWD is expected to continue to be an important Value Builder reflecting capital returns that are forecasted to be above the cost of capital.
American Woodmark has a current Value Trend Rating of B (Positive). The Value Trend Rating reflects inconsistent signals from PTR’s two proprietary measures of a stock’s attractiveness. American Woodmark has a neutral Appreciation Score of 45 but a very high Power Rating of 88, producing the Positive Value Trend Rating.
Recent Price Action
American Woodmark Corp (NASDAQ: AMWD) stock closed at $85.59 on 6/4/24 after a slight decline of -0.1%. Moreover, trading volume in this decline was exceptionally high at 257% of normal. The stock has declined -3.9% during the last week but has been strong relative to the market over the last nine months.
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