CNB Financial Corp/PA (NASDAQ: CCNE) stock enjoyed a major increase of 13.2% on 11/6/24. The shares closed at $29.25. Moreover, exceptionally high trading volume at 598% of normal accompanied the advance. Relative to the market the stock has been exceptionally strong over the last nine months and has risen 14.3% during the last week.
Current PriceTarget Research Rating
With future capital returns forecasted to exceed the cost of capital, CCNE is expected to continue to be a Value Builder.
CNB Financial 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. CNB Financial has a neutral Appreciation Score of 57 but a very high Power Rating of 86, and the Positive Value Trend Rating results.
Rating Review
In light of this very positive 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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