Tredegar Corp (NYSE: TG) stock suffered a major decline of -12.0% on 5/17/24. The shares closed at $5.35. Moreover, exceptionally high trading volume at 222% of normal accompanied the decline. The stock has been strong relative to the market over the last nine months but has declined -16.8% during the last week.
Current PriceTarget Research Rating
With future capital returns forecasted to be in line with the cost of capital, TG is expected to be Value Creation neutral.
Tredegar has a current Value Trend Rating of D (Negative). This rating combines inconsistent signals from two proprietary PTR measures of a stock’s attractiveness. Tredegar has a poor Appreciation Score of 18 but a neutral Power Rating of 53, producing the Negative Value Trend Rating.
Rating Review
In light of this highly negative price change we are reviewing our current Overall Rating of D. This review will be completed in the next several days.
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