KB Home (KBH) : Traders are bullish on KB Home (KBH) as it has outperformed the S&P 500 by a wide margin of 10.32% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 0.48%, 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 1.99% in the last 1 week, and is up 15.14% 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 8.08% and the 50-Day Moving Average is 15.94%.
KB Home (NYSE:KBH): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $16.40 and $16.22 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $16.50. The buying momentum continued till the end and the stock did not give up its gains. It closed at $16.43, notching a gain of 0.61% for the day. The total traded volume was 1,600,993 . The stock had closed at $16.33 on the previous day.
The company Insiders own 8.6% of KB Home shares according to the proxy statements. Institutional Investors own 95.36% of KB Home shares. During last six month period, the net percent change held by insiders has seen a change of 4524.89%. In a related news, The Securities and Exchange Commission has divulged in a Form 4 filing that the officer (EVP, Strategic Operations) of Kb Home, Franklin Nicholas S had purchased shares worth of $73,800 in a transaction dated on April 27, 2015. A total of 5,000 shares were purchased at a price of $14.76 per share. The information is based on open market trades at the market prices.Option exercises are not covered.
KB Home is a homebuilding company that constructs and sells homes through its operating divisions under the name KB Home. The Company operates through five operating segments, which includes four homebuilding segments and one financial services segment. The Companys homebuilding operations are organized into four segments: West Coast, Southwest, Central and Southeast. The Company delivered approximately 7,215 homes through its four homebuilding segments. The Companys financial services segment offers property and casualty insurance and, in certain instances, earthquake, flood and personal property insurance to its homebuyers. The Company also provides title services in the majority of its markets located within Central and Southeast homebuilding reporting segments. This segment also offers mortgage banking services, including residential consumer mortgage loan originations, to its homebuyers indirectly through Home Community Mortgage, LLC (HCM).