Korn/Ferry International (NYSE:KFY) has tumbled 22.2% during the past week and has dropped 17.93% in the last 4 week period. The stocks are negative as compared to the S&P 500 for the past week with a loss of 21.27%. Korn/Ferry International (NYSE:KFY) has underperformed the index by 18.68% in the last 4 weeks. Investors should watch out for further signals and trade with caution.
Korn/Ferry International (NYSE:KFY): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $22.30 and $22.21 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $22.90. The buying momentum continued till the end and the stock did not give up its gains. It closed at $22.43, notching a gain of 0.40% for the day. The total traded volume was 1,919,481 . The stock had closed at $22.34 on the previous day.
The company shares have dropped -37.61% from its 1 Year high price. On Dec 2, 2015, the shares registered one year high at $38.93 and the one year low was seen on Jun 16, 2016. The 50-Day Moving Average price is $27.84 and the 200 Day Moving Average price is recorded at $29.57.
On the companys insider trading activities, The Securities and Exchange Commission has divulged that You Harry L., director of Korn Ferry International, had unloaded 4,000 shares at an average price of $34.63 in a transaction dated on December 17, 2015. The total value of the transaction was worth $138,520.
Many analysts have stated their opinion on the company shares. Baird downgrades its view on Korn/Ferry International (NYSE:KFY) according to the research report released by the firm to its investors. The shares have now been rated Neutral by the stock experts at the ratings house. Baird lowers the current price target of $27 per share on Korn/Ferry International. The rating by the firm was issued on June 16, 2016. Currently the company Insiders own 1.15% of Korn/Ferry International shares according to the proxy statements. Institutional Investors own 84.95% of Korn/Ferry International shares.
Korn/Ferry International offers leadership and talent consulting services. The Company provides executive recruitment, leadership development, enterprise learning, succession planning and recruitment process outsourcing. Its business segments include Executive Recruitment, Leadership & Talent Consulting (LTC), and Professional Search and Recruitment Process Outsourcing (Futurestep). Its executive recruitment services are used to fill executive-level positions, such as board directors, chief executive officers, chief financial officers, chief operating officers, chief information officers and other senior executive officers. Its strategic management assessment and executive coaching and development services are consolidated under the LTC segment. Its subsidiary, Futurestep, offers talent acquisition solutions, including recruitment process outsourcing, project recruitment, professional search, talent consulting and talent communications. It operates in around 37 countries.