On 11/6/24, Park National Corp (NYSEAMERICAN: PRK) stock enjoyed a major increase of 17.6%, closing at $206.49. Moreover, trading volume in this advance was exceptionally high at 297% of normal. The stock has been exceptionally strong relative to the market over the last nine months and has risen 15.4% during the last week.
Current PriceTarget Research Rating
PRK is expected to continue to be a Value Builder reflecting capital returns that are forecasted to be above the cost of capital.
Park National has a current Value Trend Rating of C (High Neutral). This rating combines very contradictory signals from two proprietary PTR measures of a stock’s attractiveness. Park National has a slightly negative Appreciation Score of 37 but a very high Power Rating of 87, with the High Neutral Value Trend Rating the result.
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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