After Plunging -15.48% in 4 Weeks, Here's Why the Trend Might Reverse for Allegiant Travel (ALGT)
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Allegiant Travel (ALGT) has experienced a significant decline of 15.48% 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.
February 06, 2025 | 4:00 pm
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Allegiant Travel (ALGT) has seen a 15.48% 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 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.
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