Valmont ( (VMI) ) is experiencing volatility. Read on for a possible explanation for the stock’s unusual movement.
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Valmont Industries’ stock is on the rise after receiving an Overweight rating from JPMorgan. The rating reflects the company’s strategic positioning to benefit from major trends such as electrification and renewable energy, which are expected to drive sustainable earnings growth and improve margins. However, it’s worth noting that despite the positive outlook from analysts, there has been negative insider activity with more insiders recently selling shares.
More about Valmont
YTD Price Performance: 19.42%
Average Trading Volume: 198,263
Technical Sentiment Signal: Buy
Current Market Cap: $7.27B
For further insights into VMI stock on TipRanks’ Stock Analysis page.
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