PulteGroup (NYSE:PHM) has tumbled 0.88% during the past week, however, the bigger picture is still very bullish; the stocks have advanced and posted positive gains of 5.48% in the last four weeks. In the past week, the company has outperformed the S&P 500 by 0.3% and the outperformance has advanced to 4.52% for the last 4 weeks period.
PulteGroup (NYSE:PHM): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $18.64 and $18.59 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $19.16. The buying momentum continued till the end and the stock did not give up its gains. It closed at $19.05, notching a gain of 2.04% for the day. The total traded volume was 3,801,347 . The stock had closed at $18.67 on the previous day.
The company shares have dropped -5.93% from its 1 Year high price. On Aug 18, 2015, the shares registered one year high at $22.10 and the one year low was seen on Jan 20, 2016. The 50-Day Moving Average price is $18.56 and the 200 Day Moving Average price is recorded at $17.81.
On the companys insider trading activities, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the director of Pultegroup Inc/Mi/, Blair Bryce, had purchased 5,479 shares in a transaction dated on May 3, 2016. The transaction was executed at $18.18 per share with total amount equaling $99,608.
Many analysts have stated their opinion on the company shares. Raymond James downgrades its rating on PulteGroup (NYSE:PHM). Analysts at the Raymond James have a current rating of Market Perform on the shares. The shares were previously rated Outperform. The rating by the firm was issued on April 25, 2016. Currently the company Insiders own 1.83% of PulteGroup shares according to the proxy statements. Institutional Investors own 85.97% of PulteGroup shares.
PulteGroup, Inc. (PulteGroup) is a homebuilder operating in the United States. The Companys 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 640,000 homes. It operates in approximately 49 markets located throughout 26 states. The Company operates through its Homebuilding and Financial Services segments. The Companys 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.