Gen Digital Inc (NASDAQ: GEN) has benefited from exceptional positive changes in investment behavior: positive upside/downside volume developed, and the stock’s recent price rise disrupted its longer term downtrend.
Recent significant positive changes in fundamentals have benefitted Gen Digital Inc (NASDAQ: GEN): significant quarterly earnings acceleration occurred, and the stock’s power rating rose above 70.
In light of these very positive signals we are reviewing our current Overall Rating of A. 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, GEN is expected to continue to be a major Value Builder.
Gen Digital has a current Value Trend Rating of A (Highest Rating). The Value Trend Rating reflects consistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Gen Digital has a good Power Rating of 73 and a very high Appreciation Score of 89, triggering the Highest Value Trend Rating.
Recent Price Action
On 7/15/24, Gen Digital Inc (NASDAQ: GEN) stock declined slightly by -0.6%, closing at $25.36. However, trading volume in this decline was exceptionally low at 47% of normal. Relative to the market the stock has been strong over the last nine months and has risen 2.9% during the last week.
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