KB Home ( (KBH) ) is experiencing volatility. Read on for a possible explanation for the stock’s unusual movement.
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KB Home’s stock has been on a downward trend due to several factors affecting investor sentiment. Despite reporting a revenue increase to $1.75 billion and a net profit of $157.33 million, the company’s earnings slightly missed expectations. This shortfall, coupled with negative insider sentiment indicated by increased insider selling, has prompted analysts at RBC Capital and UBS to lower their price targets for the stock. These developments have led to a cautious ‘Hold’ consensus among analysts, reflecting the stock’s notable decline over the past six months.
More about KB Home
YTD Price Performance: -2.24%
Average Trading Volume: 1,032,140
Technical Sentiment Consensus Rating: Hold
Current Market Cap: $4.63B
For further insights into KBH stock on TipRanks’ Stock Analysis page.
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