On 8/2/24, Sanmina Corp (NASDAQ: SANM) stock suffered a major decline of -10.6%, closing at $65.01. Moreover, this decline was accompanied by unusually high trading volume at 176% of normal. Relative to the market the stock has been exceptionally strong over the last nine months but has declined -11.2% during the last week.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to be above the cost of capital, SANM is expected to continue to be an important Value Builder.
Sanmina has a current Value Trend Rating of A (Highest Rating). This rating combines consistent signals from two proprietary PTR measures of a stock’s attractiveness. Sanmina has a good Appreciation Score of 75 and a very high Power Rating of 92, producing the Highest Value Trend Rating.
Rating Review
In light of this highly negative price change we are reviewing our current Overall Rating of A. This review will be completed in the next several days.
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