Pure Storage Inc (NYSE: PSTG) stock closed at $65.35 on 12/4/24 after a major increase of 22.1%. Moreover, this advance was accompanied by exceptionally high trading volume at 459% of normal. The stock has risen 21.6% during the last week but has been weak relative to the market over the last nine months.
Current PriceTarget Research Rating
Pure Storage has a current Value Trend Rating of D (Negative). The Value Trend Rating reflects inconsistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Pure Storage has a neutral Power Rating of 46 but a poor Appreciation Score of 20, with the Negative Value Trend Rating the result.
Rating Review
In light of this very positive price change we are reviewing our current Overall Rating of D. This review will be completed in the next several days.
Be the first to comment