Vontier Corp. (VNT) shares are trading at lower $27.85.
To add more color to this target, the company’s high over the last year is $39.00 and the low is $27.85 while the S&P 500 is up 18.95%. The catalyst for this interesting swing was the company’s recent earnings report.
A Notable Earnings Report
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VNT has seen increased volume after this news and investors are putting their support behind the value proposition. Furthermore, 10-day volume stands at 19.99 million and more growth is possible in the weeks ahead. Vontier Corp. VNT also noted assets of $1.41 billion at the end of the last quarter. Investors should also keep an eye on sector updates as VNT has historically followed its peers on positive news.
All told, Vontier Corp. VNT has strung together solid data and demonstrated underlying fundamentals. At its current valuation, VNT represents an interesting risk/reward case. Traders should stay tuned to see if this recent report will push the stock to test recent resistance levels.
VNT is increasing its credibility in this sector and that could lead to more upside down the line. Sign-up for continuing coverage on shares of VNT stock, as well as other hot stock picks, get our free newsletter today and get our next breakout pick!
Disclosure: we hold no position in VNT, either long or short, and we have not been compensated for this article.