Meritage Corporation (NYSE:MTH) : Traders are bullish on Meritage Corporation (NYSE:MTH) as it has outperformed the S&P 500 by a wide margin of 5.69% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 3.94%, 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 5.28% in the last 1 week, and is up 7.4% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
The company shares have dropped -17.91% from its 1 Year high price. On Jul 14, 2015, the shares registered one year high at $49.25 and the one year low was seen on Jan 20, 2016. The 50-Day Moving Average price is $36.87 and the 200 Day Moving Average price is recorded at $34.28.
The stock has recorded a 20-day Moving Average of 7.87% and the 50-Day Moving Average is 11.35%.
Meritage Corporation (NYSE:MTH): stock turned positive on Friday. Though the stock opened at $39.34, the bulls momentum made the stock top out at $40.41 level for the day. The stock recorded a low of $39.21 and closed the trading day at $39.91, in the green by 2.52%. The total traded volume for the day was 791,213. The stock had closed at $38.93 in the previous days trading.
In an insider trading activity,The director of Meritage Homes Corp, Ax Peter L sold 15,000 shares at $36.71 on June 13, 2016. The Insider selling transaction had a total value worth of $550,650. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.
Meritage Homes Corporation operates as a holding company. The Company is a designer and builder of single-family detached homes. It operates in two segments: homebuilding and financial services. It has homebuilding operations in three regions. The West region comprises Arizona, California and Colorado; Central region include Texas, and the East region comprises Florida, Georgia, North Carolina, South Carolina and Tennessee. It has nine homebuilding operating segments. The homebuilding segments are engaged in the business of acquiring and developing land, constructing homes, marketing and selling those homes and providing warranty and customer services. Its homebuilding and marketing activities are conducted under the Meritage Homes brand, other than in Tennessee, where it operates under the Phillips Builders brand, and in the Atlanta and Greenville markets where it operates under the Legendary Communities brand. It also operates as Monterey Homes in some markets.