Large Inflow of Money Witnessed in D.R. Horton

D.R. Horton (DHI) : Thursdays money flow data in D.R. Horton (DHI) suggests that the bulls made the most of the weakness in the stock. The inflow of money into the stock on upticks was $19.23 million, whereas, $16.31 million worth of transactions were done on downticks. The ratio between the two, uptick and downtick stood at 1.18, in favor of the bulls. The total money flow into the stock was $2.92 million clearly indicating that the smart money has been buying into the stock on weakness.

In comparison, the money flow in block deals was $4.72 million. The total value of block trades done on upticks was $4.72 million. D.R. Horton (DHI) fell $0.03 and traded at $32.68, down -0.09% for the day, over previous days close. On a weekly basis, the shares are 2.61% over the previous weeks close.


D.R. Horton (DHI) has been rated by 11 research analysts. Fundamentally, the highest shorterm price forecast for the stock is expected to reach $39 and the lowest price target forecast is $24. The average forecast of all the analysts is $32.77 and the expected standard deviation is $4. The stock has recorded a 20-day Moving Average of 5.73% and the 50-Day Moving Average is 7.69%.

D.R. Horton (NYSE:DHI): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $32.90 and $32.60 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $33.25. The buying momentum continued till the end and the stock did not give up its gains. It closed at $32.83, notching a gain of 0.37% for the day. The total traded volume was 5,287,311 . The stock had closed at $32.71 on the previous day.

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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