Alert: Major Price Advance (8/1/24)-Sleep Number Corp (NASDAQ: SNBR).

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Sleep Number Corp (NASDAQ: SNBR) stock enjoyed a major increase of 19.9% on 8/1/24. The shares closed at $14.15. Moreover, trading volume in this advance was exceptionally high at 270% of normal. The stock has been weak relative to the market over the last nine months but has risen 45.3% during the last week.

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Current PriceTarget Research Rating

SNBR’s future returns on capital are forecasted to fall short of the cost of capital. Accordingly, the company is expected to be a major Value Eraser.

Sleep Number is currently unrated.

Rating Review

The stock is currently unrated.

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