PulteGroup (PHM) has been under a strong bear grip, hence the stock is down -3.39% when compared to the S&P 500 in the past 4 weeks. However, in the near-term, buying emerged at lower levels and the stock has outperformed the S&P 500 by 0.22% in the past 1 week. The stock has risen by 0.19% in the past week indicating that the buyers are active at lower levels, but the stock is down -3.02% in the past 4 weeks.
PulteGroup, Inc. is up 17.9% in the last 3-month period. Year-to-Date the stock performance stands at 20.09%. The stock has recorded a 20-day Moving Average of 1.02% and the 50-Day Moving Average is 4.47%.
PulteGroup (NYSE:PHM): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $21.06 and $21.05 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $21.27. The buying momentum continued till the end and the stock did not give up its gains. It closed at $21.19, notching a gain of 0.24% for the day. The total traded volume was 2,353,497 . The stock had closed at $21.14 on the previous day.
Also, Deutsche Bank upgrades their rating on the shares of PulteGroup (NYSE:PHM). The current rating of the shares is Buy. Earlier, the shares were rated a Hold by the brokerage firm. The rating by the firm was issued on July 25, 2016.
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.