Shares of PulteGroup (PHM) Sees Large Outflow of Money

PulteGroup (PHM) : The total money flow in PulteGroup (PHM) was negative ($15.72 million), which signals selling by the traders on Wednesdays session. They trimmed their holdings by selling the stock on downticks to the tune of $27.5 million. In comparison, the inflow of money into the stock on upticks was $11.78 million. The uptick to downtick ratio was 0.43. Similarly, the block trades show selling by large traders on strength. The value of stocks sold down on downtick was $16.67 million. The value of transactions on uptick was $0.62 million. The negative money flow of ($16.05 million) confirms the selling in PulteGroup (PHM) on strength. The uptick to downtick ratio of block trades was 0.04. PulteGroup (PHM) gained $0.05 at $20.42, a gain of 0.25% over the previous days close. However, the stock registered 0.25% in the week.


Also, Brokerage firm Raymond James downgrades its rating on PulteGroup (NYSE:PHM). The shares have been rated Market Perform. Previously, the analysts had a Outperform rating on the shares. The rating by the firm was issued on April 25, 2016.

PulteGroup (NYSE:PHM): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $20.39 and $20.32 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $20.51. The buying momentum continued till the end and the stock did not give up its gains. It closed at $20.42, notching a gain of 0.25% for the day. The total traded volume was 4,333,421 . The stock had closed at $20.37 on the previous day.

The stock has recorded a 20-day Moving Average of 4.09% and the 50-Day Moving Average is 7.53%. 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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