On 7/30/24, Woodward Inc (NASDAQ: WWD) stock suffered a major decline of -17.2%, closing at $151.73. Moreover, exceptionally high trading volume at 699% of normal accompanied the decline. The stock has been exceptionally strong relative to the market over the last nine months but has declined -15.6% during the last week.
Current PriceTarget Research Rating
With future capital returns forecasted to exceed the cost of capital, WWD is expected to continue to be a major Value Builder.
Woodward has a current Value Trend Rating of C (Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing very contradictory signals. Woodward has a poor Appreciation Score of 17 but a very high Power Rating of 92, and the Neutral Value Trend Rating results.
Rating Review
In light of this highly negative price change we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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