Kirby Corporation (KEX) Shares are Up 4.38%

Kirby Corporation (KEX) : Traders are bullish on Kirby Corporation (KEX) as it has outperformed the S&P 500 by a wide margin of 17.23% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 4.21%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 4.38% in the last 1 week, and is up 16.6% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.

The stock has recorded a 20-day Moving Average of 8.83% and the 50-Day Moving Average is 11.29%.The 200 Day SMA reached 5.65%


Kirby Corporation (NYSE:KEX): After opening at $60.8, the stock dipped to an intraday low of $60.26 on Friday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $62.37 and the buying power remained strong till the end. The stock closed at $62.16 for the day, a gain of 3.12% for the day session. The total traded volume was 821,531. The stocks close on the previous trading day was $62.16.

Kirby Corporation (KEX) : The most positive equity analysts on Kirby Corporation (KEX) expects the shares to touch $68, whereas, the least positive believes that the stock will trade at $54 in the short term. The company is covered by 7 Wall Street Brokerage Firms. The average price target for shares are $60.57 with an expected fluctuation of $6.27 from the mean.

Kirby Corporation is the domestic tank barge operator, transporting bulk liquid products. The Company, through its subsidiaries, operates in two segments: Marine Transportation and Diesel Engine Services. The Marine Transportation segment is a provider of marine transportation services, operating tank barges and towing vessels transporting bulk liquid products. The Diesel Engine Services segment, sells replacement parts, provides service mechanics to overhaul and repair medium-speed and high-speed diesel engines, transmissions, reduction gears, pumps and compression products, maintains facilities to rebuild component parts or entire medium-speed and high-speed diesel engines, transmissions and entire reduction gears, and manufactures and remanufactures oilfield service equipment, including pressure pumping units. Its customers include oil service companies, offshore fishing companies, nuclear power industry, compression companies and construction companies, among others.

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