On Thursday, Renasant received an upgrade to its Relative Strength (RS) Rating, from 69 to 72.
This exclusive rating from Investor's Business Daily measures share price action with a 1 (worst) to 99 (best) score. The rating shows how a stock's price movement over the trailing 52 weeks stacks up against all the other stocks in our database.
Over 100 years of market history shows that the stocks that go on to make the biggest gains tend to have an RS Rating of above 80 as they begin their largest runs. See if Renasant can continue to rebound and clear that threshold.
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Renasant is trying to complete a consolidation with a 37.40 entry. See if the stock can break out in heavy volume.
Top and bottom line growth moved higher in the company's most recent quarter. Earnings were up -5%, compared to -17% in the prior report. Revenue increased from 11% to 33%.
Renasant earns the No. 37 rank among its peers in the Banks-Southeast industry group. Village Bank & Trust, MetroCity Bankshares and First Community are among the top 5 highly rated stocks within the group.
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