Alert: Negative Investment/Fundamental Signals (6/28/24)-Sleep Number Corp (NASDAQ: SNBR)

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Sleep Number Corp (NASDAQ: SNBR). Extremely significant negative changes in investment behavior have recently occurred: negative upside/downside volume developed, and the stock fell on very heavy volume.

Meaningful negative changes in Sleep Number Corp (NASDAQ: SNBR) fundamentals have recently occurred: significant quarterly sales deceleration occurred, and significant quarterly earnings deceleration occurred.

The stock is currently unrated.

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Current PriceTarget Research Rating

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

Sleep Number is currently unrated.

Recent Price Action

On 6/28/24, Sleep Number Corp (NASDAQ: SNBR) stock declined slightly by -0.3%, closing at $9.57. Moreover, exceptionally high trading volume at 261% of normal accompanied the decline. Relative to the market the stock has been weak over the last nine months and has declined -10.6% during the last week.

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