WesBanco Inc (NASDAQ: WSBC) has recently enjoyed extremely important positive changes in investment behavior: the stock rose on very heavy volume, and the stock’s recent price rise disrupted its longer term downtrend.
WesBanco Inc (NASDAQ: WSBC). Important 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 B. We would continue to view the shares with optimism pending completion of this review in the next several days.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to be above the cost of capital, WSBC is expected to continue to be a modest Value Builder.
WesBanco has a current Value Trend Rating of B (Positive). This rating combines inconsistent signals from two proprietary PTR measures of a stock’s attractiveness. WesBanco has a neutral Power Rating of 54 but a very high Appreciation Score of 86, leading to the Positive Value Trend Rating.
Recent Price Action
WesBanco Inc (NASDAQ: WSBC) stock enjoyed a large increase of 3.1% on 6/28/24. The stock closed at $27.91. Moreover, this advance was accompanied by exceptionally high trading volume at 480% of normal. The stock has performed in line with the market over the last nine months and has risen 5.6% during the last week.
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