Installed Building Products (IBP) Surges 7.9%: Is This an Indication of Further Gains?
IBP(IBP) ZACKS·2024-07-12 23:02
Installed Building Products (IBP) shares soared 7.9% in the last trading session to close at $226.86. The move was backed by solid volume with far more shares changing hands than in a normal session. This compares to the stock's 4.6% loss over the past four weeks.The positive inflation report on Jul 11, 2024, most likely induced bullish sentiments among investors. The Bureau of Labor Statistics revealed that the Consumer Price Index (CPI) for June 2024 increased by 3% year-on-year, the lowest level in over ...