Extremely significant negative changes in HomeStreet Inc (NASDAQ: HMST) investment behavior have recently occurred: the stock’s recent price decline challenged its longer term uptrend, the stock fell on very heavy volume, its longer term price trend turned down, and negative upside/downside volume developed.
In light of these highly negative signals we are reviewing our current Overall Rating of A. We would view the shares with caution pending completion of this review in the next several days.
Current PriceTarget Research Rating
HMST is expected to continue to be Value Creation neutral reflecting capital returns that are forecasted to be in line with the cost of capital.
HomeStreet has a current Value Trend Rating of A (Highest Rating). This rating combines consistent signals from two proprietary PTR measures of a stock’s attractiveness. HomeStreet has a good Power Rating of 83 and a very high Appreciation Score of 93, leading to the Highest Value Trend Rating.
Recent Price Action
HomeStreet Inc (NASDAQ: HMST) stock closed at $9.06 on 10/31/24 after a slight decline of -0.06%. Moreover, trading volume in this decline was exceptionally high at 207% of normal. Relative to the market the stock has been strong over the last nine months but has declined -37.5% during the last week.
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