M.D.C. Holdings (MDC) Shares are Up 2.82%

M.D.C. Holdings (MDC) has been under a strong bear grip, hence the stock is down -5.63% 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 2.85% in the past 1 week. The stock has risen by 2.82% in the past week indicating that the buyers are active at lower levels, but the stock is down -5.26% in the past 4 weeks.

MDC Holdings Inc. is up 15.48% in the last 3-month period. Year-to-Date the stock performance stands at 3.42%. The stock has recorded a 20-day Moving Average of 0.78% and the 50-Day Moving Average is 2.21%.


M.D.C. Holdings (NYSE:MDC): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $25.32 and $25.19 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $25.56. The buying momentum continued till the end and the stock did not give up its gains. It closed at $25.56, notching a gain of 0.43% for the day. The total traded volume was 345,037 . The stock had closed at $25.45 on the previous day.

Also, Equity Analysts at the Brokerage Firm, Deutsche Bank, downgrades their rating on the shares of M.D.C. Holdings (NYSE:MDC). Deutsche Bank has a Hold rating on the shares. Previously, the analysts had a Buy rating on the shares. The rating by the firm was issued on August 8, 2016.

M.D.C. Holdings, Inc. (MDC) is engaged in two primary operations, homebuilding and financial services. The Companys homebuilding operations consist of wholly owned subsidiary companies that purchase finished lots or develop lots to the extent necessary for the construction and sale primarily of single-family detached homes to first-time and first-time move-up homebuyers under the name Richmond American Homes. The Companys homebuilding operations consist of various homebuilding divisions. Its financial services operations consist of HomeAmerican Mortgage Corporation (HomeAmerican); Allegiant Insurance Company, Inc. (Allegiant); StarAmerican Insurance Ltd.; American Home Insurance Agency, Inc., and American Home Title and Escrow Company, which provides title agency services to its homebuilding subsidiaries and its customers in certain states.

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