Alert: Positive Investment/Fundamental Signals (12/14/23)-Fulton Financial Corp (NASDAQ: FULT)

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Fulton Financial Corp (NASDAQ: FULT). Extremely important positive changes in investment behavior have recently occurred: the stock rose on very heavy volume, and positive upside/downside volume developed.

Fulton Financial Corp (NASDAQ: FULT). Important positive changes in fundamentals have recently occurred: the stock’s power rating rose above 70, and significant quarterly sales acceleration occurred.

In light of these very positive signals we are reviewing our current Overall Rating of A. We would continue to view the shares with optimism pending completion of this review in the next several days.

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Current PriceTarget Research Rating

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

Fulton Financial has a current Value Trend Rating of A (Highest Rating). The Value Trend Rating reflects highly consistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Fulton Financial has a good Appreciation Score of 76 and a good Power Rating of 77, leading to the Highest Value Trend Rating.

Recent Price Action

On 12/14/23, Fulton Financial Corp (NASDAQ: FULT) stock rose modestly by 0.4%, closing at $16.38. Moreover, trading volume in this advance was exceptionally high at 266% of normal. The stock has risen 9.6% during the last week and has been strong relative to the market over the last nine months.

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