1/25/2024 0 Comments Splunk stock dropTry the Trefis machine learning engine above to see for yourself how Splunk stock is likely to behave after any specific gain or loss over a period.Īnswer: If you buy and hold Splunk stock, the expectation is over time the near-term fluctuations will cancel out, and the long-term positive trend will favor you - at least if the company is otherwise strong. With wind in the stocks sails now, it could be poised to go on. Cisco will buy Splunk in deal valued at 28 billion, FedEx reports better-than-expected fiscal first-quarter earnings, and Klaviyo shares extend gains after the stock rose 9 in its trading debut. In comparison, the S&P 500 has an expected return of 3.1% over the next 21 trading days under Case 1, and an average return of just 0.5% for Case 2 as detailed in our dashboard that details the expected return for the S&P 500 after a fall or rise. So far this year, SPLK has managed to outpace the S&P 500 index with 16 growth. Revenue climbed 23 from the year-ago period. SPLK Price Action: Splunk has a 52-week high of 150.79 and a 52-week low. On Thursday, the stock fell 5.4, closing at 128.73, falling below its 50-day moving average. Morgan Stanley analyst Keith Weiss maintained Splunk with an Equal-Weight and raised the price target from 128 to 133. This implies a price forecast of $149.75 in Case 1 and a figure of $146.46 in Case 2 using Splunk market price of $146.46 on. Analysts expected Splunk to report a loss of 69 cents on revenue of 563 million, according to FactSet. Splunk stock dropped 7.3, closing at 119.30 on the stock market today. Splunk stock fares better after Case 1, with an expected return of 2.2% over the next month (21 trading days) under Case 1 (where the stock has just suffered a 5% loss over the previous week), versus, an expected return of 1.9% for Case 2. Our research covering the last 18 years indicates that investors can outperform the market by imitating hedge funds stock picks rather than directly investing. Is the average return for Splunk stock higher over the subsequent month after Case 1 or Case 2? Yet the data analytics and monitoring specialists. Case 1: Splunk stock drops by 5% or more in a weekĬase 2: Splunk stock rises by 5% or more in a week Following lower-than-expected fiscal third-quarter results, Splunk ( SPLK -0.25) stock price dropped by approximately 20 during after-hours.
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