KB Home (KBH - Free Report) was a big mover last session, as the company saw its shares rise more than 7% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This stock, which remained volatile and traded within the range of $24.86–$28.33 in the past one-month time frame, witnessed a sharp increase on Friday.
The move came after the company reported better-than-expected second-quarter fiscal 2018 results.
The company has seen three positive estimate revisions in the past few weeks, while its Zacks Consensus Estimate for the current quarter has also moved higher over the past few weeks, suggesting that more solid trading could be ahead for KB Home. So make sure to keep an eye on this stock going forward to see if this recent jump can turn into more strength down the road.
KB Home currently has a Zacks Rank #3 (Hold) while its Earnings ESP is positive.
Investors interested in the Building Products - Home Builders industry may consider M.D.C. Holdings, Inc. (MDC - Free Report) , which has a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
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