Recent extremely meaningful positive changes in investment behavior have benefitted Trip com Group Ltd (NASDAQ: TCOM): the stock rose on very heavy volume, and the stock’s recent price rise disrupted its longer term downtrend.
Trip com Group Ltd (NASDAQ: TCOM) has recently enjoyed meaningful positive changes in fundamentals: significant quarterly earnings acceleration occurred, and significant quarterly sales acceleration occurred.
In light of these very positive signals we are reviewing our current Overall Rating of B. We would continue to view the shares with optimism pending completion of this review in the next several days.
Current PriceTarget Research Rating
TCOM is expected to continue to be an important Value Builder reflecting capital returns that are forecasted to be above the cost of capital.
Trip com Group has a current Value Trend Rating of B (Positive). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing inconsistent signals. Trip com Group has a neutral Appreciation Score of 44 but a very high Power Rating of 89, with the Positive Value Trend Rating the result.
Recent Price Action
Trip com Group Ltd (NASDAQ: TCOM) stock enjoyed a large increase of 3.0% on 6/5/24. The stock closed at $51.65. Moreover, exceptionally high trading volume at 303% of normal accompanied the advance. The stock has declined -1.2% during the last week but has been exceptionally strong relative to the market over the last nine months.
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