NEW YORK, October 26, 2016 /PRNewswire/ --
Stock-Callers.com's attention is directed to the global Services sector which continues to grow at a modest pace due to solid business confidence and improving overall market growth. This month, the Business Confidence Index has registered a growth of 58.1, while the Headline Sales Managers' Index (SMI) rose 0.3 to 53.9 from September. Ahead of today's trading session, we take a look at how some market players have been performing over the last few trading sessions: KBR Inc. (NYSE: KBR), AECOM (NYSE: ACM), Jacobs Engineering Group Inc. (NYSE: JEC), and Party City Holdco Inc. (NYSE: PRTY). Download the free research reports on these stocks today: http://stock-callers.com/registration
Houston, Texas headquartered KBR Inc.'s shares dropped 2.16%, closing Tuesday's trading session at $14.51. The stock recorded a trading volume of 1.09 million shares. Shares of the Company, which operates as an engineering, construction, and services company worldwide, have advanced 0.07% in the last month. The stock is trading 1.39% above its 200-day moving average. Additionally, shares of KBR have a Relative Strength Index (RSI) of 45.38.
On October 11th, 2016, research firm Goldman downgraded the Company's stock rating from 'Neutral' to 'Sell'.
On October 24th, 2016, KBR announced that it will proceed with Front-End Engineering Design (FEED) for the Woodfibre LNG Project. This continues the second phase of the contract announced in March 2016 for KBR to perform multi-phased FEED services for the Woodfibre LNG Export Facility, a project located in the District of Squamish near Vancouver, British Columbia, Canada. KBR has successfully completed the first phase, focused on cost optimization for the project. See our free and comprehensive research report on KBR at: http://stock-callers.com/registration/?symbol=KBR
On Tuesday, shares in Los Angeles, California headquartered AECOM recorded a trading volume of 1.38 million shares, which was above their three months average volume of 1.24 million shares. The stock slipped 0.66% from the previous session, ending the day at $27.04. The Company's shares are trading below their 50-day moving average by 8.86%. Furthermore, shares of AECOM, which together with its subsidiaries, engages in designing, building, financing, and operating infrastructure assets worldwide, have an RSI of 31.26.
On October 17th, 2016, AECOM announced that it has been selected to construct the $1 billion, 3-million square foot electric car manufacturing plant for Faraday Future in North Las Vegas, Nevada. The project, to be delivered with a guaranteed maximum price, has an approximate construction value of $500 million and will be included in AECOM's backlog for Q4 2016. ACM free research report PDF is just a click away at: http://stock-callers.com/registration/?symbol=ACM
Jacobs Engineering Group
Pasadena, California headquartered Jacobs Engineering Group Inc.'s stock finished the day 1.08% lower at $50.43. A total volume of 798,136 shares was traded, which was above their three months average volume of 689,790 shares. The Company's shares have gained 20.21% on an YTD basis. The stock is trading above its 200-day moving average by 6.99%. Additionally, shares of Jacobs Engineering Group, which provides technical, professional, and construction services to various industrial, commercial, and governmental clients, have an RSI of 41.86.
On October 25th, 2016, Jacobs Engineering Group announced that Jacobs Engineering SA (JESA), the company's joint venture with OCP S.A., was awarded a contract to provide project management consultancy (PMC) services to the African Society of Investments and Infrastructure for the Intercity Bus/Metro Station in Abidjan in the Republic of Côte d'Ivoire. JESA is providing PMC services for a capital expenditure of approximately $80 million. Sign up for your complimentary report on JEC at: http://stock-callers.com/registration/?symbol=JEC
Party City Holdco
Shares in Rockaway, New Jersey headquartered Party City Holdco Inc. ended yesterday's session 1.75% lower at $16.85. The stock recorded a trading volume of 173,057 shares. The Company's shares have advanced 0.48% in the last one month, 6.11% in the previous three months, and 30.52% since the start of this year. The stock is trading 19.04% above its 200-day moving average. Moreover, shares of Party City, which through its subsidiaries, designs, manufactures, sources, and distributes party supplies in the US and internationally, have an RSI of 44.47.
As per notes filed with the SEC on October 24th, 2016, Party City Holdings Inc., a wholly-owned indirect subsidiary of Party City Holdco, PC Intermediate Holdings, Inc., another wholly-owned indirect subsidiary of the Company, and Party City Corporation, Holdings' subsidiary, on October 20th, 2016, modified the Borrowers' Term Loan Credit Agreement by entering into the First Amendment to Term Loan Credit Agreement. The First Amendment replaces the loans outstanding under the Credit Agreement with a new class of term loans in an aggregate principal amount of $1.23 billion. Pursuant to the First Amendment, the interest rate margins for the Replacement Term Loans are 2.00% for Base Rate Loans and 3.00% for the LIBO Rate Loans. Register for free on Stock-Callers.com and download the latest research report on PRTY at: http://stock-callers.com/registration/?symbol=PRTY
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