Alert: Positive Investment/Fundamental Signals (2/29/24)-MannKind Corp (NASDAQ: MNKD)

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MannKind Corp (NASDAQ: MNKD) has recently enjoyed extremely meaningful positive changes in investment behavior: positive upside/downside volume developed, its shorter term price trend turned up, and the stock rose on very heavy volume.

MannKind Corp (NASDAQ: MNKD) has recently enjoyed marginal positive changes in fundamentals: the consensus estimate for December, 2024 increased significantly.

The stock is currently unrated.

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Current PriceTarget Research Rating

MNKD’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.

MannKind is currently unrated.

Recent Price Action

On 2/29/24, MannKind Corp (NASDAQ: MNKD) stock enjoyed a large increase of 4.8%, closing at $4.11. Moreover, this advance was accompanied by exceptionally high trading volume at 245% of normal. Relative to the market the stock has been weak over the last nine months but has risen 14.2% during the last week.

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