PulteGroup (PHM) Shares are Up 1.7%

PulteGroup (PHM) : Traders are bullish on PulteGroup (PHM) as it has outperformed the S&P 500 by a wide margin of 2.62% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 1.27%, 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 1.7% in the last 1 week, and is up 5.18% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.

PulteGroup (NYSE:PHM): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $21.11 and $21.11 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $21.60. The buying momentum continued till the end and the stock did not give up its gains. It closed at $21.54, notching a gain of 2.38% for the day. The total traded volume was 7,951,389 . The stock had closed at $21.04 on the previous day.

The stock has recorded a 20-day Moving Average of 2.41% and the 50-Day Moving Average is 8.77%. PulteGroup, Inc. is up 18.73% in the last 3-month period. Year-to-Date the stock performance stands at 22.07%.

PulteGroup (PHM) has been rated by 7 research analysts. Fundamentally, the highest shorterm price forecast for the stock is expected to reach $27 and the lowest price target forecast is $18. The average forecast of all the analysts is $24.14 and the expected standard deviation is $3.18.


PulteGroup, Inc. (PulteGroup) is a homebuilder operating in the United States. The Companys subsidiaries engage in the homebuilding business. The Company also offers mortgage banking operations through Pulte Mortgage LLC (Pulte Mortgage) and title operations. It offers a variety of home designs, including single-family detached, townhouses, condominiums and duplexes. It has delivered approximately 640,000 homes. It operates in approximately 49 markets located throughout 26 states. The Company operates through its Homebuilding and Financial Services segments. The Companys Homebuilding Operations include the acquisition and development of land for residential purposes within the United States and the construction of housing on such land. The Financial Services operations consist of mortgage banking and title operations.

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