Shares of D.R. Horton (DHI) Sees Large Inflow of Net Money Flow

D.R. Horton (DHI) : On Friday, The money flowed into the D.R. Horton (DHI) stock with an uptick to downtick ratio was recorded at 1.13. Transactions worth $35.35 million were done on upticks, confirming the buying interest in the stock. The outflow of money on downticks stood at $31.34 million. The total money flow into the stock was $4.01 million. The block trades reveal a bullish bias with an up-down ratio of 1.35. The investors are using every small weakness in the stock to accumulate it, as can be seen in the $5.58 million of block transactions on upticks. The value of block trades on downticks was $4.14 million, indicating lower selling interest. The total money flow in block trades was $1.44 million. In terms of price action, D.R. Horton (DHI) traded down $0.32 during the session at $33.97. Compared to the previous days closing, the stock was down only by -0.93%. For the week, the stock is 0.5%, over previous weeks closing.


D.R. Horton (DHI) : The highest level D.R. Horton (DHI) is projected to reach is $39 for the short term and the lowest estimate is at $24. The consolidated price target from 11 rating analysts who initiate coverage on the stock is $33.32 and the possibility the share price can swing is $4.28.

D.R. Horton (NYSE:DHI): On Fridays trading session , Opening price of the stock was $34.04 with an intraday high of $34.46. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $33.46. However, the stock managed to close at $33.96, a loss of 0.96% for the day. On the previous day, the stock had closed at $34.29. The total traded volume of the day was 6,411,935 shares.

In a related news, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the officer (EVP and COO) of Horton D R Inc /De/, Murray Michael J had sold 2,944 shares worth of $89,321 in a transaction dated May 2, 2016. In this transaction, 2,944 shares were sold at $30.34 per share.

D.R. Horton, Inc. is a homebuilding company. The Company is engaged in the acquisition and development of land and the construction and sale of residential homes, through its operating divisions in around 27 states and over 79 metropolitan markets of the United States, under the names of D.R. Horton, Americas Builder, Express Homes, Emerald Homes, Breland Homes, Regent Homes, Crown Communities and Pacific Ridge Homes. The Company operates through two segments: homebuilding and financial services operation. The Company designs, builds and sells single-family detached homes on lots it develops and on fully developed lots purchased ready for home construction. To a lesser extent, the Company builds and sells attached homes, such as town homes, duplexes, triplexes and condominiums. The Company sells land and lots to other developers and homebuilders where it has excess land and lot positions or for other strategic reasons.

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