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 2.38% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 0.84%, 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 0.81% in the last 1 week, and is up 2.77% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
TRI Pointe Group, Inc. is up 23.94% in the last 3-month period. Year-to-Date the stock performance stands at 8.29%. The stock has recorded a 20-day Moving Average of 1.12% and the 50-Day Moving Average is 7.22%.
TRI Pointe Group (NYSE:TPH): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $13.56 and $13.47 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $13.72. The buying momentum continued till the end and the stock did not give up its gains. It closed at $13.72, notching a gain of 0.88% for the day. The total traded volume was 1,160,409 . The stock had closed at $13.60 on the previous day.
Also, Citigroup maintains their rating on the shares of TRI Pointe Group (NYSE:TPH). The current rating of the shares is Buy. Equity Analysts at the Firm raises the price target to $17 per share from $15 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.