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Here's Why Griffon (GFF) is a Great Momentum Stock to Buy
GriffonGriffon(US:GFF) Zacks Investment Researchยท2024-05-13 17:01

Company Overview - Griffon (GFF) currently holds a Momentum Style Score of A, indicating strong potential for momentum investing [3] - The company is rated 2 (Buy) by the Zacks Rank, which has a history of outperforming the market [4] Price Performance - Over the past week, GFF shares increased by 2.84%, while the Zacks Diversified Operations industry rose by only 0.14% [6] - In the last month, GFF's price change was 5.18%, outperforming the industry's 3.01% [6] - Over the past quarter, GFF shares rose by 4.48%, and they have increased by 131.34% over the last year, compared to the S&P 500's gains of 4.25% and 27.92%, respectively [7] Trading Volume - GFF's average 20-day trading volume is 369,636 shares, which serves as a price-to-volume baseline for assessing market interest [8] Earnings Outlook - In the last two months, one earnings estimate for GFF has increased, while none have decreased, raising the consensus estimate from $4.58 to $4.80 [10] - For the next fiscal year, one estimate has also moved upwards with no downward revisions during the same period [10] Conclusion - Considering the positive price trends and earnings outlook, GFF is positioned as a strong momentum pick for investors [11]