Stock Mover of The Day: Kimball International Inc Surges to All Time High, Is Now Top Performer

Stock Mover of The Day: Kimball International Inc Surges to All Time High, Is Now Top Performer

The stock of Kimball International Inc (NASDAQ:KBAL) reached all time high today, Nov, 14 and still has $17.06 target or 21.00% above today’s $14.10 share price. This indicates more upside for the $560.81M company. This technical setup was reported by Barchart.com. If the $17.06 PT is reached, the company will be worth $117.77 million more.
Trading stocks at an all time highs is usually a winning strategy. An all time high points to a stock which has the most positive fundamentals ever. Even thought the pullback rate is high, if correct risk management is utilized, investors can trade very well such events. About 213,634 shares traded hands or 86.03% up from the average. Kimball International Inc (NASDAQ:KBAL) has risen 24.33% since April 12, 2016 and is uptrending. It has outperformed by 19.35% the S&P500.

According to Zacks Investment Research, “Kimball International, Inc. is a manufacturer of design driven, technology savvy, furnishings. The company provides solutions for the workplace, learning, healing and hospitality environments. Its brand consists of National Office Furniture, Kimball Office and Kimball Hospitality. Kimball International, Inc. is based in Jasper, United States.”

More notable recent Kimball International Inc (NASDAQ:KBAL) news were published by: Globenewswire.com which released: “Kimball International to Present at Southwest IDEAS Investor Conference on …” on November 14, 2016, also Nasdaq.com with their article: “Kimball International, Inc.: Announces Live Webcast of First Quarter Fiscal …” published on October 14, 2016, Globenewswire.com published: “Kimball International Honored with ICMA Board of Regents Corporate Recognition …” on July 27, 2016. More interesting news about Kimball International Inc (NASDAQ:KBAL) were released by: Globenewswire.com and their article: “Kimball International, Inc. Reports First Quarter Results — Strong Sales …” published on November 01, 2016 as well as Businesswire.com‘s news article titled: “Kimball International, Inc. Announces Additional Enhancement to Corporate …” with publication date: June 29, 2015.

KBAL Company Profile

Kimball International, Inc., incorporated on August 24, 1939, creates design driven furnishings. The Firm sells a portfolio of furniture services and products under three brands, which include Kimball Office, National Office Furniture and Kimball Hospitality. The Company’s portfolio offers solutions for the workplace, learning, healing and hospitality environments. The Firm offers products designed specifically for the healthcare market, such as patient room and lounge seating, and casegoods. The Firm also has a trucking fleet and customer fulfillment centers to facilitate delivery of products. As of June 30, 2016, the Company, in the United States, had manufacturing facilities and showrooms in nine states and the District of Columbia. As of June 30, 2016, the Company’s products were produced at 10 plants, including seven located in Indiana, two in Kentucky, and one in Virginia.

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