On 10/16/24, Tredegar Corp (NYSE: TG) stock enjoyed a major increase of 11.0%, closing at $7.99. Moreover, this advance was accompanied by exceptionally high trading volume at 735% of normal. Relative to the market the stock has been exceptionally strong over the last nine months and has risen 10.5% during the last week.
Current PriceTarget Research Rating
With future capital returns forecasted to be in line with the cost of capital, TG is expected to be Value Creation neutral.
Tredegar has a current Value Trend Rating of C (Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing very contradictory signals. Tredegar has a very low Appreciation Score of 15 but a very high Power Rating of 89, triggering 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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