AMC Networks Inc (NASDAQ: AMCX) stock suffered a major decline of -35.1% on 6/17/24. The shares closed at $10.19. Moreover, this decline was accompanied by exceptionally high trading volume at 1031% of normal. Relative to the market the stock has been weak over the last nine months and has declined -40.9% during the last week.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to be above the cost of capital, AMCX is expected to continue to be a major Value Builder.
AMC Networks has a current Value Trend Rating of C (Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing very contradictory signals. AMC Networks has a good Appreciation Score of 82 but a poor Power Rating of 19, and the Neutral Value Trend Rating results.
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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