On 9/24/24, Weibo Corp (NASDAQ: WB) stock enjoyed a major increase of 11.6%, closing at $8.66. Moreover, this advance was accompanied by exceptionally high trading volume at 349% of normal. The stock has been weak relative to the market over the last nine months but has risen 19.8% during the last week.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to be above the cost of capital, WB is expected to continue to be an important Value Builder.
Weibo has a current Value Trend Rating of C (Neutral). This rating combines very contradictory signals from two proprietary PTR measures of a stock’s attractiveness. Weibo has a very high Appreciation Score of 95 but a poor Power Rating of 18, leading to the Neutral Value Trend Rating.
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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