Global Industrial Co (NYSE: GIC) stock closed at $26.24 on 10/30/24 after a major decline of -20.6%. Moreover, exceptionally high trading volume at 894% of normal accompanied the decline. Relative to the market the stock has been weak over the last nine months and has declined -21.7% during the last week.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to be above the cost of capital, GIC is expected to continue to be a major Value Builder.
Global Industrial has a current Value Trend Rating of D (Negative). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing consistent signals. Global Industrial has a neutral Power Rating of 45 and a slightly negative Appreciation Score of 34, triggering the Negative Value Trend Rating.
Rating Review
In light of this highly negative price change we are reviewing our current Overall Rating of D. This review will be completed in the next several days.
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