KBR (KBR) has risen sharply, recording gains of 5.57% in the past 4 weeks. However, the stock has corrected -3.91% 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 2.14% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week.
The stock has recorded a 20-day Moving Average of 1.17% and the 50-Day Moving Average is 1.07%. KBR, Inc. has dropped 9.41% during the last 3-month period . Year-to-Date the stock performance stands at -16.23%.
KBR (NYSE:KBR): On Fridays trading session , Opening price of the stock was $15.04 with an intraday high of $15.08. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $13.79. However, the stock managed to close at $14.02, a loss of 4.10% for the day. On the previous day, the stock had closed at $14.62. The total traded volume of the day was 2,420,244 shares.
Also, MKM Partners initiates coverage on KBR (NYSE:KBR). The rating major has initiated the coverage with neutral rating on the shares. The rating by the firm was issued on June 29, 2016.
KBR, Inc. is an engineering, procurement, construction and services company. The Company offers a portfolio of technology and consulting services; engineering, construction, procurement and asset maintenance services; and base operational, logistics, life support and asset management services. The Company operates in three business segments: Technology & Consulting (T&C), Engineering & Construction (E&C) and Government Services (GS). The T&C segment provides technologies and consulting services to the oil and gas value chain. The E&C provides engineering and engineering, procurement and construction services for the development, construction and commissioning of projects. The GS business segment focuses on service contracts particularly for the United Kingdom, Australian and United States Governments. It provides services to international and national oil and gas companies, independent refiners, manufacturers and domestic and foreign Governments, among others.