Alert: Major Price Advance (12/1/23)-Sleep Number Corp (NASDAQ: SNBR).

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Sleep Number Corp (NASDAQ: SNBR) stock enjoyed a major increase of 12.3% on 12/1/23. The shares closed at $11.39. Moreover, exceptionally high trading volume at 615% of normal accompanied the advance. The stock has been extremely weak relative to the market over the last nine months but has risen 11.9% during the last week.

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Current PriceTarget Research Rating

SNBR’s future returns on capital are forecasted to be below the cost of capital. Accordingly, the company is expected to be a major Value Eraser.

Sleep Number is currently unrated.

Rating Review

The stock is currently unrated.

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