InvestorsObserver is giving Mallinckrodt PLC (MNK) an Analyst Rating Rank of 2, meaning MNK is ranked higher by analysts than 2% of stocks. The average projection by analysts for MNK is $1.571 over the next 12 months and analyst’s classify the stock as a Sell
Why are Analyst Ratings Important?
A company's financial statements are a significant factor weighted by experts when analyzing a company's health. Beyond just the numbers, analysts follow specific industries closely and are able to gain a detailed understanding of how a storm in one part of the world can shutdown supply chains leading to a change in consumption across the globe. This knowledge allows investors to respond to potential changes in the market before they are revealed in a quarterly annoucement.
Investors Observer averages the ratings across all these analysts and percentile ranks those averages. This allows you to compare stocks in greater detail than the usual five-tiered system used amongst the majority of investors.
What's Happening With Mallinckrodt PLC Stock Today?
Mallinckrodt PLC (MNK) stock is trading at $1.09 as of 2:23 PM on Thursday, Oct 8, an increase of $0.11, or 10.9% from the previous closing price of $0.98. The stock has traded between $0.97 and $1.10 so far today. Volume today is below average. So far 2,569,333 shares have traded compared to average volume of 3,625,906 shares.
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