On 10/24/24, Live Oak Bancshares Inc (NYSE: LOB) stock suffered a major decline of -10.3%, closing at $41.83. Moreover, this decline was accompanied by exceptionally high trading volume at 218% of normal. Relative to the market the stock has been strong over the last nine months but has declined -16.1% during the last week.
Current PriceTarget Research Rating
With future capital returns forecasted to exceed the cost of capital, LOB is expected to be a Value Builder.
Live Oak Bancshares has a current Value Trend Rating of B (Positive). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing inconsistent signals. Live Oak Bancshares has a neutral Appreciation Score of 55 but a good Power Rating of 85, triggering the Positive Value Trend Rating.
Rating Review
In light of this highly negative price change we are reviewing our current Overall Rating of B. This review will be completed in the next several days.
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