KB Home Books its first Q1 Profit since 2007; Paylocity Hits the Market with a Splash


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Companies Mentioned

NYSE:KBH / NASDAQ:FSLR / NASDAQ:PCTY / OTC:BB:FNMA
03/20/2014 [ACCESSWIRE]

KB Home (NYSE: KBH) – For an in-depth report on KB Home follow: www.BullTrends.com/stockquote/KBH

KB Home closed up 5.88% on Wednesday and saw a major boost in trading volume with almost 14.5 million shares traded. Trading volume was more than double the stock’s three-month daily average. The company, which is one of the nation's largest homebuilders, said revenues grew 11% over the three months to February with total sales of $450.7 million. The company posted net profit of $10.6 million compared to a loss of $12.5 million in the year-ago quarter, marking the first time it has made a profit in a first quarter since 2007.

First Solar, Inc. (NASDAQ: FSLR) - For an in-depth report on First Solar, Inc. follow: www.BullTrends.com/stockquote/FSLR

Shares of First Solar Inc. closed up a little over 20% on Wednesday with nearly 31 million shares traded. The stock hit a new high of $70.99 during intra-day trading and posted one of the largest percentage gains on the NASDAQ. The big move came after the solar giant gave positive guidance for revenue during the current year and for better profits in 2015 and 2016 than investors were expecting.

Paylocity Holding Corporation (NASDAQ: PCTY) - For an in-depth report on Paylocity Holding Corporation. follow: www.BullTrends.com/stockquote/PCTY

Paylocity Holding Corp. made its market debut on Wednesday and closed the day up 41.41% on a little over 9 million shares traded. The stock hit an intra-day and all time high of $31.00 on its first trading day, with the stock getting an IPO price of $17 a share. The company is a cloud-based provider of payroll and human capital service software designed to help companies manage their workforce. The company, based in Arlington Heights, Ill., sold 7.045 million shares and raised $119.8 million, giving it a market cap of roughly $1.2 billion at the close of trading Wednesday.

Federal National Mortgage Association (OTCBB: FNMA) - For an in-depth report on Federal National Mortgage Association follow: www.BullTrends.com/stockquote/FNMA

Shares of FNMA closed up 9.48% on Wednesday with about 42.5 million shares traded. The stock saw almost double trading volume than average and was one of the biggest advancers in the OTCBB marketplace. A SeekingAlpha article stated that Fannie Mae and Freddy Mac were poised to break out, which may have influenced FNMA shares trending higher.

 

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