Extremely significant negative changes in Cal Maine Foods Inc (NASDAQ: CALM) investment behavior have recently occurred: negative upside/downside volume developed, and its shorter term price trend turned down.
Recent meaningful negative changes in fundamentals have affected Cal Maine Foods Inc (NASDAQ: CALM): significant quarterly sales deceleration occurred, and significant quarterly earnings deceleration occurred.
In light of these highly negative signals we are reviewing our current Overall Rating of C. We would view the shares with caution pending completion of this review in the next several days.
Current PriceTarget Research Rating
CALM is expected to be Value Creation neutral reflecting capital returns that are forecasted to be in line with the cost of capital.
Cal Maine Foods has a current Value Trend Rating of C (High Neutral). This rating combines contradictory signals from two proprietary PTR measures of a stock’s attractiveness. Cal Maine Foods has a slightly negative Appreciation Score of 40 but a good Power Rating of 74, and the High Neutral Value Trend Rating results.
Recent Price Action
Cal Maine Foods Inc (NASDAQ: CALM) stock closed at $58.56 on 6/12/24 after a slight decline of -0.02%. However, trading volume in this decline was exceptionally low at 42% of normal. Relative to the market the stock has been strong over the last nine months but has declined -3.7% during the last week.
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