TRI Pointe Group (TPH) Shares are Up 0.75%

TRI Pointe Group (TPH) : Traders are bullish on TRI Pointe Group (TPH) as it has outperformed the S&P 500 by a wide margin of 8.08% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 0.82%, 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 0.75% in the last 1 week, and is up 11.71% 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 3.82% and the 50-Day Moving Average is 10.29%. TRI Pointe Group, Inc. is up 15.95% in the last 3-month period. Year-to-Date the stock performance stands at 6.16%.


TRI Pointe Group (NYSE:TPH): On Fridays trading session , Opening price of the stock was $13.93 with an intraday high of $14. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $13.345. However, the stock managed to close at $13.45, a loss of 3.45% for the day. On the previous day, the stock had closed at $13.93. The total traded volume of the day was 2,440,361 shares.

Also, Brokerage firm Citigroup maintains its rating on TRI Pointe Group (NYSE:TPH). As per the latest information, the brokerage house raises the price target to $17 per share from a prior target of $15. The shares have been rated Buy. 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.

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