Down -25.34% in 4 Weeks, Here's Why First Foundation (FFWM) Looks Ripe for a Turnaround
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First Foundation (FFWM) has experienced a significant decline of 25.34% over the past four weeks, placing it in oversold territory. The exhaustion of selling pressure, combined with Wall Street analysts' consensus on raising earnings estimates, suggests a potential trend reversal for the stock.
December 31, 2024 | 4:00 pm
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First Foundation (FFWM) has seen a 25.34% drop in its stock price over the last four weeks, entering oversold territory. Analysts are raising earnings estimates, indicating a possible 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 is a positive indicator for future performance, suggesting a potential upward trend.
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