Today’s Price Action: A Reversal for Kelly Services, Inc. Is Not Near. The Stock Declines Again

Today's Price Action: A Reversal for Kelly Services, Inc. Is Not Near. The Stock Declines Again

The stock of Kelly Services, Inc. (NASDAQ:KELYA) is a huge mover today! The stock decreased 5.27% or $1.01 during the last trading session, hitting $18.15. About 197,104 shares traded hands or 135.34% up from the average. Kelly Services, Inc. (NASDAQ:KELYA) has risen 3.74% since April 6, 2016 and is uptrending. It has outperformed by 1.78% the S&P500.
The move comes after 7 months negative chart setup for the $704.79M company. It was reported on Nov, 8 by Barchart.com. We have $16.52 PT which if reached, will make NASDAQ:KELYA worth $63.43M less.

According to Zacks Investment Research, “KELLY SERVICES, INC. provides temporary office clerical, marketing, professional, technical, light industrial, home care services, management services and other business services to a diversified group of customers through offices located in major cities of the United States, Australia, Canada, Denmark, France, Ireland, Italy, Luxembourg, Mexico, the Netherlands, New Zealand, Norway, Russia, Spain, Switzerland and United Kingdom. Kelly Temporary Services provides office clerical, marketing, professional, technical, semi-skilled light industrial and management services.”

More news for Kelly Services, Inc. (NASDAQ:KELYA) were recently published by: Marketwatch.com, which released: “Kelly Services Inc. Cl B” on April 17, 2011. Law360.com‘s article titled: “Kelly Services Loses Arbitration Bid In Employees’ FLSA Suit” and published on August 25, 2016 is yet another important article.

KELYA Company Profile

Kelly Services, Inc., incorporated on August 27, 1952, is a workforce solutions provider. The Firm provides workforce solutions in approximately three regions: the Americas; Europe, the Middle East and Africa (EMEA), and Asia Pacific (APAC). The Firm operates in seven divisions: Americas Commercial, Americas Professional and Technical (Americas PT), EMEA Commercial, EMEA Professional and Technical (EMEA PT), APAC Commercial, APAC Professional and Technical (APAC PT), and Outsourcing and Consulting Group (OCG). The Firm operates as a staffing provider, which offers a range of specialty services. The Firm places professional and technical employees at various levels in engineering, information technology (IT), law, healthcare and finance.

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