Down -54.05% in 4 Weeks, Here's Why Phathom Pharmaceuticals (PHAT) Looks Ripe for a Turnaround
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Phathom Pharmaceuticals (PHAT) has seen a significant decline of 54.05% over the past four weeks, placing it in oversold territory. The selling pressure may have exhausted, and with Wall Street analysts raising earnings estimates, a trend reversal could be on the horizon.
December 06, 2024 | 3:45 pm
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Phathom Pharmaceuticals has experienced a 54.05% drop in four weeks, entering oversold territory. Analysts are raising earnings estimates, suggesting potential for a stock price rebound.
The stock's significant decline has placed it in 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 trend reversal.
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