Recent extremely meaningful negative changes in investment behavior have impacted Star Group LP (NYSE: SGU): the stock’s recent price decline challenged its longer term uptrend, its shorter term price trend turned down, the stock fell on very heavy volume, and negative upside/downside volume developed.
In light of these highly negative signals we are reviewing our current Overall Rating of C. We would view the shares with caution pending completion of this review in the next several days.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to be above the cost of capital, SGU is expected to continue to be a modest Value Builder.
Star Group 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 highly consistent signals. Star Group has a neutral Power Rating of 50 and a neutral Appreciation Score of 57, with the Neutral Value Trend Rating the result.
Recent Price Action
Star Group LP (NYSE: SGU) stock declined by -2.6% on 11/4/24. The shares closed at $10.91. Moreover, trading volume in this decline was exceptionally high at 218% of normal. Relative to the market the stock has been strong over the last nine months but has declined -7.0% during the last week.
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