BBU Stock Summary and Trading Ideas (Brookfield Business Partners LP Limited Partnership Units | NYSE:BBU)

Brookfield Business Partners LP is a business services and industrials company. It focused on operating high-quality businesses that are either low-cost producers and benefit from high barriers to entry. The principal business services include construction services, residential real estate services, facilities management, road fuel distribution, and marketing. The industrial operations consist of oil and gas exploration and production, marine energy services, palladium and aggregates mining & others. The company clients are corporations and government agencies. The revenue is derived from the UK and Canada.

Brookfield Business Partners LP Limited Partnership Units trades on the NYSE stock market under the symbol BBU.

As of April 30, 2024, BBU stock price declined to $18.79 with 14,251 million shares trading.

BBU has a market cap of $1.52 billion. This is considered a Small Cap stock.

In the last 3 years, BBU stock traded as high as $51.98 and as low as $12.22.

BBU has underperformed the market in the last year with a price return of +13.7% while the SPY ETF gained +22.3%. BBU has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -13.3% and -4.1%, respectively, while the SPY returned +2.5% and -0.5%, respectively.

BBU support price is $18.42 and resistance is $19.48 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that BBU stock will trade within this expected range on the day.