Extremely important positive changes in investment behavior have recently occurred for ProAssurance Corp (NYSE: PRA): positive upside/downside volume developed, the stock’s recent price rise disrupted its longer term downtrend, and the stock rose on very heavy volume.
ProAssurance Corp (NYSE: PRA). Minimal positive changes in fundamentals have recently occurred: the stock’s power rating rose above 70.
In light of these very positive signals we are reviewing our current Overall Rating of C. We would view the shares with optimism pending completion of this review in the next several days.
Current PriceTarget Research Rating
With future capital returns forecasted to be below the cost of capital, PRA is expected to continue to be a modest Value Eraser.
ProAssurance has a current Value Trend Rating of C (High Neutral). The Value Trend Rating reflects inconsistent signals from PTR’s two proprietary measures of a stock’s attractiveness. ProAssurance has a neutral Appreciation Score of 52 but a good Power Rating of 70, producing the High Neutral Value Trend Rating.
Recent Price Action
ProAssurance Corp (NYSE: PRA) stock closed at $13.69 on 9/20/24 after an increase of 1.4%. Moreover, this advance was accompanied by exceptionally high trading volume at 375% of normal. The stock has risen 6.0% during the last week and has performed in line with the market over the last nine months.
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