Extremely significant negative changes in Kenon Holdings Ltd (NYSE: KEN) 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, its longer term price trend turned down, and negative upside/downside volume developed.
Small positive changes in Kenon Holdings Ltd (NYSE: KEN) fundamentals have recently occurred: significant quarterly earnings acceleration occurred.
In light of these highly negative signals we are reviewing our current Overall Rating of A. We would view the shares with caution pending completion of this review in the next several days.
Current PriceTarget Research Rating
KEN is expected to continue to be an important Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.
Kenon Holdings has a current Value Trend Rating of A (Highest Rating). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing complementary signals. Kenon Holdings has a slightly positive Power Rating of 60 and a very high Appreciation Score of 93, with the Highest Value Trend Rating the result.
Recent Price Action
Kenon Holdings Ltd (NYSE: KEN) stock declined by -3.4% on 3/15/24. The shares closed at $23.40. Moreover, trading volume in this decline was exceptionally high at 291% of normal. The stock has performed in line with the market over the last nine months and has declined -9.0% during the last week.
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