Installed Building Products (IBP) Moves 5.7% Higher: Will This Strength Last?

Installed Building Products (IBP) shares soared 5.7% in the last trading session to close at $303.31. The move was backed by solid volume with far more shares changing hands than in a normal session. This compares to the stock's 4.7% gain over the past four weeks.Shares of Installed Building Products or IBP have surged after the company announced three acquisitions—Thermo-Tech Mechanical Insulation, Biomax Spray Foam Insulation, and CKV Finished Products. The deals expanded IBP’s national footprint, strengt ...