Shares of D.R. Horton (DHI) Sees Large Outflow of Money

D.R. Horton (DHI) : Tuesdays money flow analysis of D.R. Horton (DHI) indicates the selling of stock on the strength of price. The investors sold the stock on every rise as seen in the downtick transactions of $18.48 million. In comparison, the inflow of money on upticks was a meager $10.6 million. The dollar value of composite uptick trades minus the downtick trades was negative $7.88 million. The uptick to downtick ratio of 0.57 in the money flow shows weakness. The uptick block trades were valued at $2.14 million. The downtick transaction value was high at $9.86 million, which denotes distribution on strength. The uptick to downtick ratio of block trades was 0.22. Hence, the net money flow in the stock was negative ($7.72 million). D.R. Horton (DHI) gained $0.25 at $32.09, a change of 0.79% over the previous days close.


Also, Equity Analysts at the Brokerage Firm, Bank of America, downgrades their rating on the shares of D.R. Horton (NYSE:DHI). Bank of America has a Neutral rating on the shares. Previously, the analysts had a Buy rating on the shares. The rating by the firm was issued on July 22, 2016.

DR Horton Inc. has lost 2.73% in the last five trading days and dropped 2.07% in the last 4 weeks. DR Horton Inc. is up 4.18% in the last 3-month period. Year-to-Date the stock performance stands at 1.02%.

D.R. Horton (NYSE:DHI): During Tuesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $31.85 and $31.77 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $32.15. The buying momentum continued till the end and the stock did not give up its gains. It closed at $32.09, notching a gain of 0.79% for the day. The total traded volume was 3,211,739 . The stock had closed at $31.84 on the previous day.

In a related news, The director, of Horton D R Inc /De/, Buchanan Michael R had unloaded 12,000 shares at $33.8 per share in a transaction on July 25, 2016. The total value of transaction was $405,600. The Insider information was revealed by the Securities and Exchange Commission in a Form 4 filing.

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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