TRI Pointe Group (TPH) has been under a strong bear grip, hence the stock is down -1.4% when compared to the S&P 500 in the past 4 weeks. However, in the near-term, buying emerged at lower levels and the stock has outperformed the S&P 500 by 3.2% in the past 1 week. The stock has risen by 3.37% in the past week indicating that the buyers are active at lower levels, but the stock is down -1.93% in the past 4 weeks.
The stock has recorded a 20-day Moving Average of 2.07% and the 50-Day Moving Average is 1.15%.The 200 Day SMA reached 10.76%
TRI Pointe Group (NYSE:TPH): After opening at $13.1, the stock dipped to an intraday low of $12.935 on Friday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $13.26 and the buying power remained strong till the end. The stock closed at $13.18 for the day, a gain of 1.31% for the day session. The total traded volume was 1,507,069. The stocks close on the previous trading day was $13.18.
TRI Pointe Group (TPH) : The consensus price target for TRI Pointe Group (TPH) is $16.08 for the short term with a standard deviation of $2.01. The most optimist securities analyst among the 6 who monitor the stock believes that the stock can reach $18, however, the pessimist price target for the company is $13.
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.