Green Brick Partners (GRBK) : Traders are bullish on Green Brick Partners (GRBK) as it has outperformed the S&P 500 by a wide margin of 7.32% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 4.03%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 4% in the last 1 week, and is up 7.73% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
Green Brick Partners, Inc. is up 8.64% in the last 3-month period. Year-to-Date the stock performance stands at 8.33%. The stock has recorded a 20-day Moving Average of 5.65% and the 50-Day Moving Average is 7.18%.
Green Brick Partners (NASDAQ:GRBK): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $7.78 and $7.69 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $7.85. The buying momentum continued till the end and the stock did not give up its gains. It closed at $7.80, notching a gain of 0.13% for the day. The total traded volume was 72,332 . The stock had closed at $7.79 on the previous day.
Green Brick Partners, Inc., formerly BioFuel Energy Corp., is a real estate operator. The Company is involved in the purchase and development of land for residential use, construction lending and home building operations. The Company operates through two segments: land development and homebuilding services. Within homebuilding services segment, the Company has two divisions: Texas and Georgia. The Companys land development segment conducts its business under the brand Green Brick Communities. The Companys homebuilding services segment conducts its operations primarily through JBGL Builder Finance LLC (Builder Finance). The Company is engaged in various aspects of the homebuilding process, including land acquisition and development, entitlements, design, construction, marketing and sales of various residential projects in master planned communities primarily in the metropolitan areas of Dallas and Fort Worth, Texas (DFW) and Atlanta, Georgia (Atlanta).