Pultegroup Inc/mi/ (PHM) Files Form 4 Insider Selling : James L Ossowski Sells 10,000 Shares

Pultegroup Inc/mi/ (PHM): James L Ossowski , VP Finance & Controller of Pultegroup Inc/mi/ sold 10,000 shares on Jul 7, 2016. The Insider selling transaction was reported by the company on Jul 11, 2016 to the Securities and Exchange Commission. The shares were sold at $20.00 per share for a total value of $200,000.00 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on Jul 11, 2016, James L Ossowski (VP Finance & Controller) sold 10,000 shares at $20.00 per share price.On Jul 8, 2016, James R Ellinghausen (Exec. Vice President-HR) sold 100,000 shares at $20.25 per share price.Also, On May 4, 2016, Bryce Blair (director) purchased 5,479 shares at $18.18 per share price.On Aug 20, 2015, Richard J Jr Dugas (Pres. and Chief Exec. Officer) sold 125,000 shares at $22.01 per share price.

PulteGroup: On Friday, Jul 8, 2016 heightened volatility was witnessed in PulteGroup which led to swings in the share price. The shares opened for trading at $20.17 and hit $20.67 on the upside , eventually ending the session at $20.48, with a gain of 2.55% or 0.51 points. The heightened volatility saw the trading volume jump to 40,54,054 shares. The 52-week high of the share price is $22.1 and the company has a market cap of $7,087 M . The 52-week low of the share price is at $14.61.

PulteGroup Money Flow Index Chart

Company has been under the radar of several Street Analysts.PulteGroup is Downgraded by Raymond James to Mkt Perform. Earlier the firm had a rating of Outperform on the company shares. The Rating was issued on Apr 25, 2016.PulteGroup is Reiterated by FBR Capital to Mkt Perform and the brokerage firm has raised the Price Target to $ 20 from a previous price target of $18 .The Rating was issued on Apr 22, 2016.PulteGroup is Reiterated by RBC Capital Mkts to Outperform and the brokerage firm has raised the Price Target to $ 22 from a previous price target of $21 .The Rating was issued on Apr 22, 2016.PulteGroup is Reiterated by Barclays to Equal Weight and the brokerage firm has raised the Price Target to $ 20 from a previous price target of $18 .The Rating was issued on Apr 22, 2016.

PulteGroup Inc. (PulteGroup) is a homebuilder operating in the United States. The Company’s subsidiaries engage in the homebuilding business. The Company also offers mortgage banking operations through Pulte Mortgage LLC (Pulte Mortgage) and title operations. It offers a variety of home designs including single-family detached townhouses condominiums and duplexes. It has delivered approximately 640000 homes. It operates in approximately 49 markets located throughout 26 states. The Company operates through its Homebuilding and Financial Services segments. The Company’s Homebuilding Operations include the acquisition and development of land for residential purposes within the United States and the construction of housing on such land. The Financial Services operations consist of mortgage banking and title operations.

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