Large Inflow of Money Detected in D.R. Horton

D.R. Horton (DHI) : On Wednesday, The money flowed into the D.R. Horton (DHI) stock with an uptick to downtick ratio was recorded at 8. Transactions worth $1.29 million were done on upticks, confirming the buying interest in the stock. The outflow of money on downticks stood at $0.16 million. The total money flow into the stock was $1.13 million. The investors are using every small weakness in the stock to accumulate it, as can be seen in the $1.19 million of block transactions on upticks. The total money flow in block trades was $1.19 million. In terms of price action, D.R. Horton (DHI) traded down $0.07 during the session at $34.01. Compared to the previous days closing, the stock was down only by -0.19%. For the week, the stock is 0.61%, over previous weeks closing.


Also, Argus Research initiates coverage on D.R. Horton (NYSE:DHI).The analysts at the brokerage house have a current rating of Buy on the shares. In a recent information released to the investors, Argus Research announces the price target of $39 per share. The rating by the firm was issued on June 17, 2016.

D.R. Horton (NYSE:DHI): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $34.10 and $33.94 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $34.46. The buying momentum continued till the end and the stock did not give up its gains. It closed at $34.41, notching a gain of 1.00% for the day. The total traded volume was 5,354,093 . The stock had closed at $34.07 on the previous day.

The stock has recorded a 20-day Moving Average of 6.53% and the 50-Day Moving Average is 10.56%. In a related news, The Securities and Exchange Commission has divulged that Murray Michael J, officer (EVP and COO) of Horton D R Inc /De/, had unloaded 2,944 shares at an average price of $30.34 in a transaction dated on May 2, 2016. The total value of the transaction was worth $89,321.

D.R. Horton, Inc. is a homebuilding company. The Company is engaged in the acquisition and development of land and the construction and sale of residential homes, through its operating divisions in around 27 states and over 79 metropolitan markets of the United States, under the names of D.R. Horton, Americas Builder, Express Homes, Emerald Homes, Breland Homes, Regent Homes, Crown Communities and Pacific Ridge Homes. The Company operates through two segments: homebuilding and financial services operation. The Company designs, builds and sells single-family detached homes on lots it develops and on fully developed lots purchased ready for home construction. To a lesser extent, the Company builds and sells attached homes, such as town homes, duplexes, triplexes and condominiums. The Company sells land and lots to other developers and homebuilders where it has excess land and lot positions or for other strategic reasons.

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