Weibo Corp (NASDAQ: WB) stock suffered a major decline of -12.4% on 10/8/24. The shares closed at $10.26. Moreover, this decline was accompanied by exceptionally high trading volume at 207% of normal. The stock has been weak relative to the market over the last nine months but has risen 1.8% 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 (High Neutral). The Value Trend Rating reflects very contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. Weibo has a very high Appreciation Score of 89 but a poor Power Rating of 28, triggering the High Neutral Value Trend Rating.
Rating Review
In light of this highly negative 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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