Global Industrial Co (NYSE: GIC) stock suffered a major decline of -10.4% on 5/1/24. The shares closed at $34.52. Moreover, this decline was accompanied by exceptionally high trading volume at 249% of normal. The stock has declined -16.4% during the last week but has been exceptionally strong relative to the market over the last nine months.
Current PriceTarget Research Rating
With future capital returns forecasted to be above the cost of capital, GIC is expected to continue to be a major Value Builder.
Global Industrial has a current Value Trend Rating of B (Positive). The Value Trend Rating reflects very contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. Global Industrial has a slightly negative Appreciation Score of 33 but a very high Power Rating of 96, triggering the Positive Value Trend Rating.
Rating Review
In light of this highly negative price change we are reviewing our current Overall Rating of B. This review will be completed in the next several days.
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