TheMotleyFool
· Jun 25, 2020, 19:05 · 1 min read
Why KB Home Stock Got Slammed Today
Shares of home-building company KB Home (NYSE: KBH) got slammed on Thursday, after the company reported results for the second quarter of 2020. As of 11:30 a.m. EDT, the stock was down 12%.
KB Home's net orders plummeted 57% year over year in Q2, making investors nervous its backlog is drying up.
Image source: Getty Images.
Source Fool.com
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