On 11/15/24, Globant SA (NYSE: GLOB) stock suffered a major decline of -11.1%, closing at $203.29. Moreover, exceptionally high trading volume at 305% of normal accompanied the decline. The stock has performed in line with the market over the last nine months and has declined -13.1% during the last week.
Current PriceTarget Research Rating
Globant has a current Value Trend Rating of C (Neutral). This rating combines highly consistent signals from two proprietary PTR measures of a stock’s attractiveness. Globant has a neutral Appreciation Score of 41 and a neutral Power Rating of 57, resulting in the Neutral Value Trend Rating.
Rating Review
In light of this highly negative price change we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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