Stride Inc (NYSE: LRN). Extremely significant negative changes in investment behavior have recently occurred: the stock’s recent price decline challenged its longer term uptrend, its shorter term price trend turned down, the stock fell on very heavy volume, and negative upside/downside volume developed.
In light of these highly negative signals we are reviewing our current Overall Rating of B. We would view the shares with caution pending completion of this review in the next several days.
Current PriceTarget Research Rating
LRN’s future returns on capital are forecasted to exceed the cost of capital. Accordingly, the company is expected to continue to be a major Value Builder.
Stride has a current Value Trend Rating of B (Positive). The Value Trend Rating reflects inconsistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Stride has a neutral Appreciation Score of 50 but a very high Power Rating of 89, producing the Positive Value Trend Rating.
Recent Price Action
On 10/16/24, Stride Inc (NYSE: LRN) stock suffered a large decline of -9.3%, closing at $64.04. Moreover, trading volume in this decline was exceptionally high at 678% of normal. The stock has been exceptionally strong relative to the market over the last nine months but has declined -16.9% during the last week.
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