Jabil Circuit (JBL) has risen sharply, recording gains of 9.93% in the past 4 weeks. However, the stock has corrected -0.97% in the past 1 week, providing a good buying opportunity on dips. On a relative basis, the stock has outperformed the S&P 500 by 2.97% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week.
Jabil Circuit (NYSE:JBL): The stock opened at $20.29 on Friday but the bulls could not build on the opening and the stock topped out at $20.49 for the day. The stock traded down to $20.06 during the day, due to lack of any buying support eventually closed down at $20.37 with a loss of -0.15% for the day. The stock had closed at $20.40 on the previous day. The total traded volume was 2,118,299 shares.
The stock has recorded a 20-day Moving Average of 6.93% and the 50-Day Moving Average is 8.94%. Jabil Circuit Inc. is up 13.95% in the last 3-month period. Year-to-Date the stock performance stands at -11.77%.
Jabil Circuit, Inc. provides electronic manufacturing services and solutions. The Company provides electronic design, production and product management services to companies in the aerospace, automotive, computing, defense, digital home, energy, healthcare, industrial, instrumentation, lifestyles, mobility, mold, networking, packaging, peripherals, storage, telecommunications and wearable technology industries. The Companys operating segments include Electronics Manufacturing Services (EMS) and Diversified Manufacturing Services (DMS). The EMS segment is focused around leveraging information technology (IT), supply chain design and engineering, technologies centered on core electronics. The DMS segment is focused on providing engineering solutions, heavy participation in consumer markets, access to higher growth markets and a focus on material sciences and technologies.