Toll Brothers (TOL) : Traders are bullish on Toll Brothers (TOL) as it has outperformed the S&P 500 by a wide margin of 1.04% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 0.48%, 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 0.54% in the last 1 week, and is up 2.08% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
The stock has recorded a 20-day Moving Average of 0.04% and the 50-Day Moving Average is 0.6%. Toll Brothers (NYSE:TOL): On Fridays trading session , Opening price of the stock was $28.09 with an intraday high of $28.19. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $27.65. However, the stock managed to close at $27.97, a loss of 0.36% for the day. On the previous day, the stock had closed at $28.07. The total traded volume of the day was 1,547,579 shares.
The company Insiders own 10.51% of Toll Brothers shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -3.06% . Institutional Investors own 79.93% of Toll Brothers shares. During last six month period, the net percent change held by insiders has seen a change of -3.06%. Also, Buckingham Research upgrades its view on Toll Brothers (NYSE:TOL) according to the research report released by the firm to its investors. The shares have now been rated Buy by the stock experts at the ratings house. Earlier, the shares had a rating of Neutral. The rating by the firm was issued on July 18, 2016.
Toll Brothers, Inc., is a property development company. The Company is engaged in designing, building, marketing and arranging finance for detached and attached homes in luxury residential communities. The Company caters to move-up, empty-nester, active-adult, age-qualified and second-home buyers in the United States. The Company also builds and sells homes in urban infill markets through Toll City Living community. The Company operates on own land development, architectural, engineering, mortgage, title, landscaping, security monitoring, lumber distribution, house component assembly, and manufacturing operations. The Company also develops, owns and operates golf courses and country clubs, which are associated with planned communities.