Piper Sandler ( (PIPR) ) is experiencing volatility. Read on for a possible explanation for the stock’s unusual movement.
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Piper Sandler’s stock movement has been driven by its impressive fourth-quarter revenue of $485.38 million, exceeding expectations and contributing to a highly successful year with over $1.5 billion in net revenues. This financial growth has resulted in increased profitability and earnings. However, the stock was downgraded to Neutral from Buy by Goldman Sachs, potentially due to broader market conditions or strategic factors. Despite this, Piper Sandler announced a special cash dividend of $3.00 per share and a quarterly dividend of 65 cents per share, highlighting its dedication to returning value to shareholders.
More about Piper Sandler
YTD Price Performance: 3.57%
Average Trading Volume: 99,527
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $5.51B
For further insights into PIPR stock on TipRanks’ Stock Analysis page.
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