Amgen Inc (NASDAQ: AMGN) stock enjoyed a major increase of 11.8% on 5/3/24. The shares closed at $311.29. Moreover, exceptionally high trading volume at 345% of normal accompanied the advance. The stock has risen 15.6% during the last week and has performed in line with the market over the last nine months.
Current PriceTarget Research Rating
With future capital returns forecasted to be above the cost of capital, AMGN is expected to continue to be a major Value Builder.
Amgen has a current Value Trend Rating of B (Positive). The Value Trend Rating reflects inconsistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Amgen has a neutral Power Rating of 53 but a good Appreciation Score of 84, leading to the Positive Value Trend Rating.
Rating Review
In light of this very positive 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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