M.D.C. Holdings (NYSE:MDC) : Traders are bullish on M.D.C. Holdings (NYSE:MDC) as it has outperformed the S&P 500 by a wide margin of 7.04% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 4.38%, 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 5.72% in the last 1 week, and is up 8.76% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
The company shares have dropped -15.47% from its 1 Year high price. On Jul 13, 2015, the shares registered one year high at $31.23 and the one year low was seen on Feb 11, 2016. The 50-Day Moving Average price is $23.75 and the 200 Day Moving Average price is recorded at $23.42.
The stock has recorded a 20-day Moving Average of 9% and the 50-Day Moving Average is 10.66%.
M.D.C. Holdings (NYSE:MDC): stock turned positive on Friday. Though the stock opened at $25.4, the bulls momentum made the stock top out at $26.075 level for the day. The stock recorded a low of $25.4 and closed the trading day at $26.06, in the green by 3.54%. The total traded volume for the day was 722,257. The stock had closed at $25.17 in the previous days trading.
In an insider trading activity, Stephens John Martin, officer (SVP, CFO, PAO) of Mdc Holdings Inc, unloaded 1,748 shares at an average price of $26.69 on February 6, 2015. The total amount of the transaction was worth $46,654, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.
M.D.C. Holdings, Inc. (MDC) is engaged in two primary operations, homebuilding and financial services. The Companys homebuilding operations consist of wholly owned subsidiary companies that purchase finished lots or develop lots to the extent necessary for the construction and sale primarily of single-family detached homes to first-time and first-time move-up homebuyers under the name Richmond American Homes. The Companys homebuilding operations consist of various homebuilding divisions. Its financial services operations consist of HomeAmerican Mortgage Corporation (HomeAmerican); Allegiant Insurance Company, Inc. (Allegiant); StarAmerican Insurance Ltd.; American Home Insurance Agency, Inc., and American Home Title and Escrow Company, which provides title agency services to its homebuilding subsidiaries and its customers in certain states.