First United Corp (NASDAQ: FUNC) stock enjoyed a major increase of 10.8% on 7/23/24. The shares closed at $26.60. Moreover, exceptionally high trading volume at 200% of normal accompanied the advance. The stock has performed in line with the market over the last nine months and has risen 18.6% during the last week.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to be above the cost of capital, FUNC is expected to continue to be a modest Value Builder.
First United has a current Value Trend Rating of B (Positive). The Value Trend Rating reflects inconsistent signals from PTR’s two proprietary measures of a stock’s attractiveness. First United has a neutral Power Rating of 60 but a good Appreciation Score of 79, triggering the Positive Value Trend Rating.
Rating Review
In light of this very positive price change we are reviewing our current Overall Rating of B. This review will be completed in the next several days.
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