Weis Markets Inc. (NYSE: WMK) suffers from exceptional negative changes in investment behavior: the stock’s recent price decline challenged its longer term uptrend, its shorter term price trend turned down, and its longer term price trend turned down.
Recent minimal negative changes in fundamentals have impacted Weis Markets Inc. (NYSE: WMK): the stock’s power rating fell below 50.
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
With future capital returns forecasted to be above the cost of capital, WMK is expected to continue to be a modest Value Builder.
Weis Markets has a current Value Trend Rating of C (Low Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing highly consistent signals. Weis Markets has a neutral Appreciation Score of 48 and a neutral Power Rating of 45, triggering the Low Neutral Value Trend Rating.
Recent Price Action
Weis Markets Inc. (NYSE: WMK) stock declined modestly by -1.4% on 3/18/24. The stock closed at $63.52. This decline was accompanied by normal trading volume. The stock has performed in line with the market over the last nine months and has declined -3.6% during the last week.
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