Alert: Major Price Advance (11/29/23)-Genesco Inc. (NYSE: GCO).


Genesco Inc. (NYSE: GCO) stock enjoyed a major increase of 15.2% on 11/29/23. The shares closed at $37.24. Moreover, exceptionally high trading volume at 243% of normal accompanied the advance. The stock has been weak relative to the market over the last nine months but has risen 16.7% during the last week.


Current PriceTarget Research Rating

GCO is expected to continue to be a modest Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.

Genesco has a current Value Trend Rating of B (Positive). This rating combines inconsistent signals from two proprietary PTR measures of a stock’s attractiveness. Genesco has a good Appreciation Score of 84 but a neutral Power Rating of 46, triggering the Positive Value Trend Rating.

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.

Be the first to comment

Leave a Reply

Your email address will not be published.