Can Citrix Systems’ Stock Rise After A 9% Drop In Last Month?
Citrix Systems’ stock (NASDAQ: CTXS) declined by 9% in the last twenty-one trading days. In comparison, the broader S&P500 index rose by 3.8% over the same period. The fall was triggered after Citrix Systems’ CEO David Henshall stepped down with immediate effect. Now, is CTXS stock poised to grow? Based on our machine learning analysis of trends in the stock price over the last ten years, there is a 75% chance of a rise in CTXS stock over the next month (twenty-one trading days). See our analysis on Citrix Systems’ Stock Chance Of Rise for more details.
Five Days: CTXS 10%, vs. S&P500 3.9%; Outperformed market
(1% event probability)
- Citrix Systems’ stock rose 10% over a five day trading period ending 10/19/2021, compared to the broader market (S&P500) which rose by 3.9%
- A change of 10% or more over five trading days has a 1% event probability, which has occurred 28 times out of 2516 in the last ten years
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Ten Days: CTXS -5.8%, vs. S&P500 4%; Underperformed market
(10% event probability)
- Citrix Systems’ stock declined 5.8% over the last ten trading days (two weeks), compared to the broader market (S&P500) rise of 4%
- A change of -5.8% or more over ten trading days has a 10% event probability, which has occurred 241 times out of 2516 in the last ten years
Twenty-One Days: CTXS -9%, vs. S&P500 3.8%; Underperformed market
(9% event probability)
- Citrix Systems’ stock declined 9% over the last twenty-one trading days (one month), compared to the broader market (S&P500) rise of 3.8%
- A change of -9% or more over twenty-one trading days has a 9% event probability, which has occurred 229 times out of 2516 in the last ten years
While Citrix Systems’ stock may move higher in the near term, there are several peers in the sector that look like a Better Bet Than CTXS Stock. Also, Citrix Systems Peer Comparison summarizes how the company fares against peers on metrics that matter.
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