D.R. Horton (DHI) Shares are Down -0.87%

D.R. Horton (DHI) : During the past 4 weeks, traders have been relatively bearish on D.R. Horton (DHI), hence the stock is down -6.48% when compared to the S&P 500 during the same period. However, in the past 1 week, the selling of the stock is down by -0.84% relative to the S&P 500. The 4-week change in the price of the stock is -6.12% and the stock has fallen -0.87% in the past 1 week.

DR Horton Inc. is up 7.57% in the last 3-month period. Year-to-Date the stock performance stands at 0.35%. The stock has recorded a 20-day Moving Average of 2.34% and the 50-Day Moving Average is 1.13%.


D.R. Horton (NYSE:DHI): The stock opened at $31.96 on Friday but the bulls could not build on the opening and the stock topped out at $32.10 for the day. The stock traded down to $31.83 during the day, due to lack of any buying support eventually closed down at $31.88 with a loss of -0.53% for the day. The stock had closed at $32.05 on the previous day. The total traded volume was 2,919,768 shares.

Also, Bank of America downgrades their rating on the shares of D.R. Horton (NYSE:DHI). The current rating of the shares is Neutral. Earlier, the shares were rated a Buy by the brokerage firm. The rating by the firm was issued on July 22, 2016.

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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