Wall Street: Kimball International Inc. (KBAL:NSQ) shares fall on March 30

Public Policy
Stock market 18 edited

ORGANIZATIONS IN THIS STORY

LETTER TO THE EDITOR

Have a concern or an opinion about this story? Click below to share your thoughts.
Send a message

Community Newsmaker

Know of a story that needs to be covered? Pitch your story to The Business Daily.
Community Newsmaker

Shares in Kimball International Inc. (KBAL:NSQ) finished March 30 at $8.62 USD.

This is a 0.81 percent fall from the day before when it closed at $8.69.

On March 30, Kimball International Inc. (KBAL:NSQ) shares reached a high of $8.88 and a low of $8.59 during trading.

Kimball International Inc. has reported net income of -$23.5 million and employs 2,200 workers.

Despite a tumultuous year with the COVID-19 pandemic, the US stock market overall remained strong in 2021.

Tony Despirito at investment firm BlackRock said the U.S. stock market overall remained strong, despite the tumultuous years during the COVID-19 pandemic. “Overall, companies... beat analyst expectations on both earnings per share and revenue growth. But the latter [was] particularly strong.”

Unfortunately, 2022 proved to be a devastating year for the U.S. stock market. “This [was] an absolutely shocking year with no place to hide,” Aoifinn Devitt, Moneta's chief investment officer, said.

Rate hikes to mitigate the effects of inflation, as well as global issues related to war and the pandemic, were blamed for the downturn in the U.S. stock market and economy.

Nothing in this article is to be assumed as financial advice.

Individual companies can have several different types of shares across many stock markets. It is possible for different types of shares to see different results on the market.

Share price of Kimball International Inc. stocks on March 30

Name of CompanyPrice at End of DayPrice Day Before
Kimball International Inc.$8.62$8.69

ORGANIZATIONS IN THIS STORY

LETTER TO THE EDITOR

Have a concern or an opinion about this story? Click below to share your thoughts.
Send a message

Community Newsmaker

Know of a story that needs to be covered? Pitch your story to The Business Daily.
Community Newsmaker

MORE NEWS