After Plunging -31.47% in 4 Weeks, Here's Why the Trend Might Reverse for Prelude Therapeutics (PRLD)
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Prelude Therapeutics (PRLD) has experienced a significant decline of 31.47% over the past four weeks. However, the stock is now in oversold territory, and Wall Street analysts are raising earnings estimates, which could lead to a trend reversal.
November 27, 2024 | 4:00 pm
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Prelude Therapeutics has seen a 31.47% decline in its stock price over the last four weeks. The stock is now considered oversold, and analysts are raising earnings estimates, suggesting a potential trend reversal.
The stock's significant decline has led it into oversold territory, which often precedes a price rebound. Additionally, the consensus among analysts to raise earnings estimates indicates positive future performance expectations, supporting a potential upward trend.
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