TRI Pointe Group (TPH) has risen sharply, recording gains of 3.34% in the past 4 weeks. However, the stock has corrected -0.87% in the past 1 week, providing a good buying opportunity on dips. On a relative basis, the stock has outperformed the S&P 500 by 2.29% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week.
The stock has recorded a 20-day Moving Average of 1.03% and the 50-Day Moving Average is 7.85%. TRI Pointe Group (NYSE:TPH): On Fridays trading session , Opening price of the stock was $13.62 with an intraday high of $13.715. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $13.5. However, the stock managed to close at $13.61, a loss of 0.29% for the day. On the previous day, the stock had closed at $13.65. The total traded volume of the day was 1,290,580 shares.
The company Insiders own 9.4% of TRI Pointe Group shares according to the proxy statements. Also, In a research note released to the investors, Citigroup maintains its rating on TRI Pointe Group (NYSE:TPH).The analysts at the brokerage house have a current rating of Buy on the shares. In a recent information released to the investors, Citigroup raises the new price target from $15 per share to $17 per share. The rating by the firm was issued on July 29, 2016.
TRI Pointe Group, Inc., formerly Tri Pointe Homes, Inc., is engaged in the design, construction and sale of single-family homes. The Companys operations are organized into six segments: Maracay, consisting of operations in Arizona; Pardee, consisting of operations in California and Nevada; Quadrant, consisting of operations in Washington; Trendmaker, consisting of operations in Texas; TRI Pointe, consisting of operations in California and Colorado, and Winchester, consisting of operations in Maryland and Virginia. The Company operates approximately 108 communities and 29,718 lots owned or controlled. The Company sells its homes through its own sales representatives and through independent real estate brokers.