28-Mar-2024
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Globe Newswire (Fri, 15-Mar 4:30 PM ET)
Brookfield Business Partners Completes 2023 Annual Filings
Globe Newswire (Fri, 1-Mar 8:00 PM ET)
Brookfield Business Partners Reports Net Income of $1.4 Billion in the Quarter
Globe Newswire (Fri, 2-Feb 6:45 AM ET)
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 March 28, 2024, BBU stock price declined to $22.09 with 28,967 million shares trading.
BBU has a market cap of $1.78 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 return of +32.7%, while the SPY ETF gained +33.6%. In the last 3 month period, BBU fell short of the market, returning +8.6%, while SPY returned +10.1%. However, in the most recent 2 weeks BBU has outperformed the stock market by returning +4.7%, while SPY returned +1.7%.
BBU support price is $21.55 and resistance is $22.75 (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.