KB Home (KBH) has risen sharply, recording gains of 10.39% in the past 4 weeks. However, the stock has corrected -0.43% 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 3.41% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week.
KB Home (NYSE:KBH): The stock opened at $16.43 on Friday but the bulls could not build on the opening and the stock topped out at $16.47 for the day. The stock traded down to $16.18 during the day, due to lack of any buying support eventually closed down at $16.36 with a loss of -0.37% for the day. The stock had closed at $16.42 on the previous day. The total traded volume was 1,530,487 shares.
The stock has recorded a 20-day Moving Average of 4.28% and the 50-Day Moving Average is 12.78%. KB Home is up 13.82% in the last 3-month period. Year-to-Date the stock performance stands at 33.24%.
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).