Core Laboratories NV (NYSE: CLB) stock enjoyed a major increase of 10.9% on 10/24/24. The shares closed at $18.94. Moreover, trading volume in this advance was unusually high at 199% of normal. The stock has been exceptionally strong relative to the market over the last nine months and has risen 0.8% during the last week.
Current PriceTarget Research Rating
With future capital returns forecasted to be above the cost of capital, CLB is expected to continue to be a major Value Builder.
Core Laboratories has a current Value Trend Rating of C (Low Neutral). This rating combines very contradictory signals from two proprietary PTR measures of a stock’s attractiveness. Core Laboratories has a poor Appreciation Score of 16 but a good Power Rating of 80, triggering the Low 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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