TRI Pointe Group (NYSE:TPH) has climbed 0.33% in the past week and advanced 8.4% in the last 4 weeks. In the past week, the company has outperformed the S&P 500 by 1.54% and the outperformance has advanced to 7.41% for the last 4 weeks period.
TRI Pointe Group (NYSE:TPH): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $11.77 and $11.55 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $12.05. The buying momentum continued till the end and the stock did not give up its gains. It closed at $12.00, notching a gain of 2.21% for the day. The total traded volume was 2,331,362 . The stock had closed at $11.74 on the previous day.
The company shares have dropped -22.58% from its 1 Year high price. On Jun 25, 2015, the shares registered one year high at $16.15 and the one year low was seen on Feb 9, 2016. The 50-Day Moving Average price is $11.48 and the 200 Day Moving Average price is recorded at $11.41.
On the companys insider trading activities, The director officer (Chief Executive Officer), of Tri Pointe Homes, Inc., Bauer Douglas F. had unloaded 80,000 shares at $15.2 per share in a transaction on July 1, 2015. The total value of transaction was $1,216,000. The Insider information was revealed by the Securities and Exchange Commission in a Form 4 filing.
Many analysts have stated their opinion on the company shares. Susquehanna initiates coverage on TRI Pointe Group (NYSE:TPH) The brokerage firm has issued a Positive rating on the shares. The rating by the firm was issued on March 30, 2016. Currently the company Insiders own 9.4% of TRI Pointe Group shares according to the proxy statements.
TRI Pointe Group, Inc., formerly Tri Pointe Homes, Inc., is engaged in the design, construction and sale of single-family homes. The Companys operations are organized into six segments: Maracay, consisting of operations in Arizona; Pardee, consisting of operations in California and Nevada; Quadrant, consisting of operations in Washington; Trendmaker, consisting of operations in Texas; TRI Pointe, consisting of operations in California and Colorado, and Winchester, consisting of operations in Maryland and Virginia. The Company operates approximately 108 communities and 29,718 lots owned or controlled. The Company sells its homes through its own sales representatives and through independent real estate brokers.