Stock Rating Upgrade
In recent days the Value Trend Rating for Trip com Group Ltd (NASDAQ: TCOM) improved from C to B reflecting improving fundamentals and high Appreciation Potential.
Recent Price Action
Trip com Group Ltd (NASDAQ: TCOM) stock enjoyed a very large increase of 5.2% on 10/1/24. The shares closed at $62.51. Moreover, trading volume in this advance was unusually high at 153% of normal. The stock has been strong relative to the market over the last nine months and has risen 27.3% during the last week.
Current PriceTarget Research Rating
TCOM is expected to continue to be an important Value Builder reflecting capital returns that are forecasted to be above the cost of capital.
Trip com Group has a current Value Trend Rating of B (Positive). This VT Rating improved in recent days from C previously. This rating combines very contradictory signals from two proprietary PTR measures of a stock’s attractiveness. Trip com Group has a slightly negative Appreciation Score of 40 but a very high Power Rating of 89, leading to the Positive Value Trend Rating.
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