Shares of PulteGroup (NYSE:PHM) Sees Large Outflow of Money

PulteGroup (NYSE:PHM) : The total money flow in PulteGroup (NYSE:PHM) was negative ($8.71 million), showing the domination of sellers in the Wednesday trading session. The traders utilized every rise to sell their positions, as seen in the value of trading on downtick to the tune of $16.87 million. Transactions on upticks were comparatively lower at $8.15 million. The uptick to downtick ratio was 0.48. The total block trades on downticks were valued at $7.56 million. The money flow during block trades was negative ($7.56 million) when the stock traded with a gain of $44 cent. PulteGroup (NYSE:PHM) was $19, an increase of 2.37% over the previous days close.


In an insider trading activity, The Securities and Exchange Commission has divulged in a Form 4 filing that the director of Pultegroup Inc/Mi/, Blair Bryce had purchased shares worth of $99,608 in a transaction dated on May 3, 2016. A total of 5,479 shares were purchased at a price of $18.18 per share. The information is based on open market trades at the market prices.Option exercises are not covered. Currently the company Insiders own 1.83% of PulteGroup shares according to the proxy statements. Institutional Investors own 85.97% of PulteGroup shares.

The company shares have dropped -9.15% 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 $18.65 and the 200 Day Moving Average price is recorded at $17.80. PulteGroup (NYSE:PHM): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $18.76 and $18.69 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $19.15. The buying momentum continued till the end and the stock did not give up its gains. It closed at $19.00, notching a gain of 2.37% for the day. The total traded volume was 5,416,120 . The stock had closed at $18.56 on the previous day.

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.

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