KB Home (KBH) : During the past 4 weeks, traders have been relatively bearish on KB Home (KBH), hence the stock is down -6.9% when compared to the S&P 500 during the same period. However, in the past 1 week, the selling of the stock is down by -0.16% relative to the S&P 500. The 4-week change in the price of the stock is -6.54% and the stock has fallen -0.2% in the past 1 week.
KB Home is up 18.53% in the last 3-month period. Year-to-Date the stock performance stands at 24.72%. The stock has recorded a 20-day Moving Average of 3.04% and the 50-Day Moving Average is 0.86%.
KB Home (NYSE:KBH): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $15.21 and $15.15 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $15.35. The buying momentum continued till the end and the stock did not give up its gains. It closed at $15.29, notching a gain of 0.20% for the day. The total traded volume was 838,407 . The stock had closed at $15.26 on the previous day.
Also, Equity analysts at the Brokerage firm Buckingham Research downgrades its rating on KB Home (NYSE:KBH). The rating major has initiated the coverage with neutral rating on the shares. Earlier, the shares were rated a Buy by the brokerage firm. The Analysts at Buckingham Research maintains a current price target of $18 per share. The rating by the firm was issued on July 18, 2016.
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).