On 6/7/24, Oil-Dri Corp of America (NYSE: ODC) stock suffered a major decline of -15.4%, closing at $70.13. Moreover, trading volume in this decline was exceptionally high at 263% of normal. Relative to the market the stock has been strong over the last nine months but has declined -14.9% during the last week.
Current PriceTarget Research Rating
ODC is expected to continue to be a Value Builder reflecting capital returns that are forecasted to be above the cost of capital.
Oil-Dri has a current Value Trend Rating of C (High Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing contradictory signals. Oil-Dri has a slightly negative Appreciation Score of 34 but a good Power Rating of 81, with the High Neutral Value Trend Rating the result.
Rating Review
In light of this highly negative price change we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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