Global Partners LP (NYSE: GLP) has recently experienced extremely meaningful negative changes in investment behavior: negative upside/downside volume developed, its shorter term price trend turned down, and the stock fell on very heavy volume.
Global Partners LP (NYSE: GLP) has recently experienced minimal negative changes in fundamentals: significant quarterly earnings deceleration occurred.
In light of these highly negative signals we are reviewing our current Overall Rating of B. We would view the shares with caution pending completion of this review in the next several days.
Current PriceTarget Research Rating
GLP is expected to continue to be an important Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.
Global Partners has a current Value Trend Rating of B (Positive). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing inconsistent signals. Global Partners has a neutral Appreciation Score of 45 but a very high Power Rating of 89, resulting in the Positive Value Trend Rating.
Recent Price Action
Global Partners LP (NYSE: GLP) stock closed at $41.61 on 5/13/24 after a large decline of -5.4%. Moreover, trading volume in this decline was exceptionally high at 218% of normal. The stock has declined -12.9% during the last week but has been exceptionally strong relative to the market over the last nine months.
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