Large Outflow of Money Witnessed in Meritage Corporation

Meritage Corporation (MTH) : Net money flow in Meritage Corporation (MTH) was negative ($0.61 million) and the inflow of money on uptick was $0.28 million, whereas, the outflow of money on downticks amounted to $0.89 million on Wednesday. The traders used every opportunity of price strength in the stock to sell their positions, hence, the total uptick to downtick ratio was 0.31. The block trades show that the large investors, were aggressive sellers in the stock. On the other hand, the total value of block trades done on downticks was $0.86 million. The money flow in block trades was negative ($0.86). Meritage Corporation (MTH) gained $0.01 cent during the day and reached $34.37, a gain of 0.03% over the previous day.


Shares of Meritage Homes Corporation appreciated by 5.68% during the last five trading days but lost 2.42% on a 4-week basis. Meritage Homes Corporation has dropped 6.31% during the last 3-month period . Year-to-Date the stock performance stands at 1.82%.

Meritage Corporation (MTH) : 4 analysts are covering Meritage Corporation (MTH) and their average rating on the stock is 3.25, which is read as a Hold. A Zacks Investment Research rank of 2, which recommends a Buy affirms that they expect a large upside in the stock from the current levels. 1 more analyst has given the stock a Sell recommendation. A total of 3 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.

Meritage Corporation (NYSE:MTH): The stock opened at $34.32 and touched an intraday high of $34.63 on Wednesday. During the day, the stock corrected to an intraday low of $34.04, however, the bulls stepped in and pushed the price higher to close in the green at $34.61 with a gain of 0.73% for the day. The total traded volume for the day was 230,164. The stock had closed at $34.36 in the previous trading session.

Meritage Homes Corporation operates as a holding company. The Company is a designer and builder of single-family detached homes. It operates in two segments: homebuilding and financial services. It has homebuilding operations in three regions. The West region comprises Arizona, California and Colorado; Central region include Texas, and the East region comprises Florida, Georgia, North Carolina, South Carolina and Tennessee. It has nine homebuilding operating segments. The homebuilding segments are engaged in the business of acquiring and developing land, constructing homes, marketing and selling those homes and providing warranty and customer services. Its homebuilding and marketing activities are conducted under the Meritage Homes brand, other than in Tennessee, where it operates under the Phillips Builders brand, and in the Atlanta and Greenville markets where it operates under the Legendary Communities brand. It also operates as Monterey Homes in some markets.

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