KB Home’s (KBH) stock craters toward its worst day in 26 years

NYSE: KBH | KB Home Common Stock News, Ratings, and Charts

KBH – KB Home fell 18% on Thursday.


KB Home is falling towards what looks like its worst day of trading since August 1992. After providing lower than expected guidance in its coming fourth quarter results, major financial institutions such as Credit Suisse, Wells Fargo, Barclays, and Wedbush all cut their price targets for the stock.

CNBC provides details:

The lowered guidance was “due to an expected negative impact on our central region deliveries from the historic range experienced in Texas, fewer than anticipated spec sales and deliveries, and potential delayed closings over the next couple of weeks in California due to impacts from the recent large wildfires,” Mezger added.

Wall Street allegedly expected KB Home to bring home $1.43 billion for the fourth quarter, in contrast to KB Home’s recent suggestion of $1.31 to $1.34 billion.

KB Home shares rose $0.13 (+0.74%) in after-hours trading Thursday. Year-to-date, KBH has declined -44.73%, versus a 3.65% rise in the benchmark S&P 500 index during the same period.

KBH currently has a StockNews.com POWR Rating of D (Sell), and is ranked #12 of 22 stocks in the Homebuilders category.

KBH at a Glance

KBH Current POWR Rating™
Overall POWR Rating™
KBH Current Price $22.82 0.66%
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KBH Price Reaction

The day of this event (Nov. 15, 2018)
KBH Closing Price$17.41 15.34%
KBH Volume10,699,767
400.88% from avg
Leading up to this event
KBH 1-mo return0.51%
After this event
KBH 1-day return9.53%
KBH 3-day return5.00%
KBH 5-day return1.07%

KBH Price Chart

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