Independent Bank Corp. (NASDAQ: INDB) suffers from exceptional negative changes in investment behavior: 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 A. We would view the shares with caution pending completion of this review in the next several days.
Current PriceTarget Research Rating
Independent Bank has a current Value Trend Rating of A (Highest Rating). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing highly consistent signals. Independent Bank has a very high Appreciation Score of 87 and a very high Power Rating of 92, with the Highest Value Trend Rating the result.
Recent Price Action
On 3/10/25, Independent Bank Corp. (NASDAQ: INDB) stock declined by -3.7%, closing at $60.72. Moreover, trading volume in this decline was exceptionally high at 208% of normal. Relative to the market the stock has been exceptionally strong over the last nine months but has declined -11.4% during the last week.
Be the first to comment