Extremely important positive changes in investment behavior have recently occurred for CNB Financial Corp/PA (NASDAQ: CCNE): its shorter term price trend turned up, the stock’s recent price rise disrupted its longer term downtrend, and the stock rose on very heavy volume.
CNB Financial Corp/PA (NASDAQ: CCNE). Significant positive changes in fundamentals have recently occurred: 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 C. We would view the shares with optimism pending completion of this review in the next several days.
Current PriceTarget Research Rating
With future capital returns forecasted to exceed the cost of capital, CCNE is expected to continue to be a Value Builder.
CNB Financial has a current Value Trend Rating of C (Neutral). This rating combines consistent signals from two proprietary PTR measures of a stock’s attractiveness. CNB Financial has a slightly positive Appreciation Score of 62 and a neutral Power Rating of 43, resulting in the Neutral Value Trend Rating.
Recent Price Action
CNB Financial Corp/PA (NASDAQ: CCNE) stock enjoyed a large increase of 4.3% on 6/28/24. The stock closed at $20.41. Moreover, exceptionally high trading volume at 556% of normal accompanied the advance. The stock has been weak relative to the market over the last nine months but has risen 6.2% during the last week.
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