AMCON Distributing Co (NYSEAMERICAN: DIT) stock enjoyed a major increase of 11.4% on 7/19/24. The shares closed at $161.57. Moreover, exceptionally high trading volume at 264% of normal accompanied the advance. The stock has been extremely weak relative to the market over the last nine months but has risen 13.8% during the last week.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to be above the cost of capital, DIT is expected to continue to be a modest Value Builder.
AMCON Distributing has a current Value Trend Rating of C (High Neutral). This rating combines contradictory signals from two proprietary PTR measures of a stock’s attractiveness. AMCON Distributing has a good Appreciation Score of 78 but a slightly negative Power Rating of 35, and the High Neutral Value Trend Rating results.
Rating Review
In light of this very positive 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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