On 7/25/24, Kaiser Aluminum Corp (NASDAQ: KALU) stock suffered a major decline of -15.9%, closing at $78.06. Moreover, exceptionally high trading volume at 288% of normal accompanied the decline. Relative to the market the stock has been exceptionally strong over the last nine months but has declined -20.5% during the last week.
Current PriceTarget Research Rating
With future capital returns forecasted to exceed the cost of capital, KALU is expected to be a Value Builder.
Kaiser Aluminum has a current Value Trend Rating of A (Highest Rating). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing inconsistent signals. Kaiser Aluminum has a neutral Appreciation Score of 51 but a very high Power Rating of 100, producing the Highest Value Trend Rating.
Rating Review
In light of this highly negative price change we are reviewing our current Overall Rating of A. This review will be completed in the next several days.
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