Charles River Laboratories Inter (NYSE: CRL) has recently experienced extremely important negative changes in investment behavior: the stock’s recent price decline challenged its longer term uptrend, its shorter term price trend turned down, and the stock fell on very heavy volume.
Slight negative changes in fundamentals have recently occurred for Charles River Laboratories Inter (NYSE: CRL): the stock’s power rating fell below 50.
In light of these highly negative signals we are reviewing our current Overall Rating of C. We would view the shares with caution pending completion of this review in the next several days.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to be above the cost of capital, CRL is expected to continue to be an important Value Builder.
Charles River Laboratories Inter 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 highly consistent signals. Charles River Laboratories Inter has a neutral Appreciation Score of 58 and a neutral Power Rating of 43, producing the Neutral Value Trend Rating.
Recent Price Action
On 8/12/24, Charles River Laboratories Inter (NYSE: CRL) stock declined by -3.3%, closing at $194.31. Moreover, trading volume in this decline was exceptionally high at 232% of normal. The stock has performed in line with the market over the last nine months and has declined -16.8% during the last week.
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