LGI Homes (LGIH) : Traders are bullish on LGI Homes (LGIH) as it has outperformed the S&P 500 by a wide margin of 1.17% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 4.53%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 4.59% in the last 1 week, and is up 2.21% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
The stock has recorded a 20-day Moving Average of 0.52% and the 50-Day Moving Average is 6.74%. LGI Homes (NASDAQ:LGIH): On Fridays trading session , Opening price of the stock was $35.68 with an intraday high of $35.78. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $33.98. However, the stock managed to close at $34.17, a loss of 4.26% for the day. On the previous day, the stock had closed at $35.69. The total traded volume of the day was 498,015 shares.
The company Insiders own 17.5% of LGI Homes shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -1.99% . Institutional Investors own 68% of LGI Homes shares. During last six month period, the net percent change held by insiders has seen a change of -1.84%.
LGI Homes, Inc. is a homebuilder. The Company is engaged in the design, construction, marketing and sale of new homes in markets in Texas, Arizona, Florida, Georgia, New Mexico, South Carolina, North Carolina and Colorado. The Companys product offerings include entry-level homes sold under its LGI Homes brand, and its move-up homes, which are sold under Terrata Homes brand. Terrata Homes brand delivers move-in ready homes. It manages its homebuilding operations under four segments: Texas division, Southwest division, Southeast division and Florida division. Its Texas division includes Houston, Dallas/Ft. Worth, San Antonio and Austin operations; Southwest division includes Phoenix, Tucson, Albuquerque and Denver operations; Southeast division includes Atlanta and Charlotte operations, and Florida division includes Tampa, Orlando and Fort Myers operations. It has constructed and closed approximately 8,500 homes. It has a total of around 453 completed homes and 578 homes in progress.