CNB Financial Corp/PA (NASDAQ: CCNE) has recently enjoyed extremely meaningful positive changes in investment behavior: the stock rose on very heavy volume, and the stock’s recent price rise disrupted its longer term downtrend.
Significant positive changes in fundamentals have recently occurred for CNB Financial Corp/PA (NASDAQ: CCNE): 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 contradictory signals from two proprietary PTR measures of a stock’s attractiveness. CNB Financial has a slightly positive Appreciation Score of 62 but a slightly negative Power Rating of 36, and the Neutral Value Trend Rating results.
Recent Price Action
CNB Financial Corp/PA (NASDAQ: CCNE) stock closed at $23.39 on 7/16/24 after a large increase of 4.4%. Moreover, this advance was accompanied by exceptionally high trading volume at 251% of normal. The stock has risen 19.9% during the last week but has been weak relative to the market over the last nine months.
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