Extremely important negative changes in investment behavior have recently occurred for Spectrum Brands Holdings Inc (NYSE: SPB): its shorter term price trend turned down, and the stock fell on very heavy volume.
Spectrum Brands Holdings Inc (NYSE: SPB). Notable negative changes in fundamentals have recently occurred: the stock’s power rating fell below 50, and significant quarterly earnings deceleration occurred.
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
Spectrum Brands Holdings has a current Value Trend Rating of C (High Neutral). The Value Trend Rating reflects inconsistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Spectrum Brands Holdings has a good Appreciation Score of 77 but a neutral Power Rating of 44, leading to the High Neutral Value Trend Rating.
Recent Price Action
Spectrum Brands Holdings Inc (NYSE: SPB) stock declined slightly by -0.4% on 12/17/24. The stock closed at $89.12. Moreover, this decline was accompanied by exceptionally high trading volume at 213% of normal. The stock has performed in line with the market over the last nine months and has declined -7.1% during the last week.
Be the first to comment