May 08, 2013 (MarketNewsVideo.com via COMTEX) -- In trading on Wednesday, general contractors & builders shares were relative laggards, down on the day by about 1.7%. Helping drag down the group were shares of KB Home (KBH), off about 4% and shares of Ryland Group (RYL) off about 3.5% on the day.
Also lagging the market Wednesday are real estate shares, down on the day by about 0.8% as a group, led down by Zillow (Z), trading lower by about 10% and China Housing & Land Development (CHLN), trading lower by about 6.4%.
The preceding is a transcript of the MarketNewsVideo.com video published at: http://www.marketnewsvideo.com/?id=201305Laggards050813&mv=1.
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As of Saturday, 05-04-2013 23:59, the latest Comtex SmarTrendA? Alert,
an automated pattern recognition system, indicated a DOWNTREND on
05-17-2012 for KBH @ $7.36.
As of Saturday, 05-04-2013 23:59, the latest Comtex SmarTrend Alert,
an automated pattern recognition system, indicated a DOWNTREND on
06-04-2012 for RYL @ $19.96.
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