After Plunging -20.27% in 4 Weeks, Here's Why the Trend Might Reverse for Xencor (XNCR)
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Xencor (XNCR) has experienced a significant decline of 20.27% 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.
January 20, 2025 | 4:00 pm
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Xencor (XNCR) has seen a 20.27% decline in the past month, but it is now in oversold territory. Analysts are raising earnings estimates, suggesting a potential trend reversal.
The stock's oversold status indicates that the selling pressure may have been overdone, and the raised earnings estimates by analysts suggest improved future performance. These factors combined increase the likelihood of a positive price movement in the short term.
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