Shares of PulteGroup (PHM) Drops by -0.54%

PulteGroup (PHM) has risen sharply, recording gains of 6.93% in the past 4 weeks. However, the stock has corrected -0.54% in the past 1 week, providing a good buying opportunity on dips. On a relative basis, the stock has outperformed the S&P 500 by 2.45% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week. The stock has recorded a 20-day Moving Average of 5.01% and the 50-Day Moving Average is 8.04%.

PulteGroup (NYSE:PHM): The stock was completely flat for the day, closing at $20.37 on Friday. The flat closing masks the intraday volatility in the stock. After opening at $20.46, the stock touched an intraday high of $20.53 and a low of $20.16. Neither the bulls nor the bears asserted their supremacy at close, due to which the stock closed completely flat. The stock previously closed at $20.37. The total trading volume on Friday was 2,334,577.


The company Insiders own 1.83% of PulteGroup shares according to the proxy statements. Institutional Investors own 85.92% of PulteGroup shares. In a related news, Ossowski James L, officer (VP Finance & Controller) of Pultegroup Inc/Mi/, unloaded 10,000 shares at an average price of $20 on July 7, 2016. The total amount of the transaction was worth $200,000, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.

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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