Alert: Major Price Advance (6/12/24)-Casey’s General Stores Inc. (NASDAQ: CASY).

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Casey’s General Stores Inc. (NASDAQ: CASY) stock closed at $381.13 on 6/12/24 after a major increase of 16.7%. Moreover, exceptionally high trading volume at 526% of normal accompanied the advance. Relative to the market the stock has been strong over the last nine months and has risen 18.1% during the last week.

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Current PriceTarget Research Rating

CASY is expected to continue to be an important Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.

Casey’s General Stores has a current Value Trend Rating of C (High Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing inconsistent signals. Casey’s General Stores has a neutral Appreciation Score of 41 but a good Power Rating of 77, with the High Neutral Value Trend Rating the result.

Rating Review

In light of this very positive price change we are reviewing our current Overall Rating of C. This review will be completed in the next several days.

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