On 12/6/24, Primeenergy Resources Corp (NASDAQ: PNRG) stock suffered a major decline of -15.3%, closing at $183.05. Moreover, trading volume in this decline was exceptionally high at 356% of normal. Relative to the market the stock has been exceptionally strong over the last nine months but has declined -10.0% during the last week.
Current PriceTarget Research Rating
Primeenergy Resources has a current Value Trend Rating of A (Highest Rating). The Value Trend Rating reflects complementary signals from PTR’s two proprietary measures of a stock’s attractiveness. Primeenergy Resources has a slightly positive Appreciation Score of 64 and a very high Power Rating of 91, triggering 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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