Alert: Major Price Decline (5/8/24)-Rapid7 Inc (NASDAQ: RPD).

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On 5/8/24, Rapid7 Inc (NASDAQ: RPD) stock suffered a major decline of -17.0%, closing at $38.00. Moreover, this decline was accompanied by exceptionally high trading volume at 1112% of normal. The stock has performed in line with the market over the last nine months and has declined -15.2% during the last week.

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Current PriceTarget Research Rating

RPD’s future returns on capital are forecasted to be below the cost of capital. Accordingly, the company is expected to be a major Value Eraser.

Rapid7 is currently unrated.

Rating Review

The stock is currently unrated.

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