Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. PulteGroup Inc shares valued at $206,180 were sold by O’Meara Brien P. on Feb 06 ’24. At $103.09 per share, O’Meara Brien P. sold 2,000 shares. The insider’s holdings dropped to 15,389 shares worth approximately $1.63 million following the completion of this transaction.
Also, Snyder Lila sold 4,000 shares, netting a total of over 322,936 in proceeds. Following the sale of shares at $80.73 each, the insider now holds 5,540 shares.
Before that, OShaughnessy Robert had sold 115,102 shares from its account. In a trade valued at $7,700,094, the Exec. VP & CFO traded PulteGroup Inc shares for $66.90 each. Upon closing the transaction, the insider’s holdings decreased to 115,102 shares, worth approximately $18.85 million.
As published in a research note from Citigroup on January 08, 2024, PulteGroup Inc [PHM] has been rated down from a Buy to a Neutral and the price target has been revised to $113 from $87. Analysts at UBS downgraded the stock from ‘”a Buy”‘ to ‘”a Neutral”‘ outlook in a report released in early January. As of November 27, 2023, Jefferies has initiated its “Buy” rating for PHM. Earlier on October 17, 2023, Wells Fargo initiated its rating. Their recommendation was “an Overweight” for PHM stock.
Analyzing PHM Stock Performance
During the last five days, there has been a drop of approximately -2.97%. Over the course of the year, PulteGroup Inc shares have jumped approximately 2.84%. Shares of the company reached a 52-week high of $121.07 on 04/01/24 and a 52-week low of $99.03 on 01/03/24. A 50-day SMA is recorded $110.06, while a 200-day SMA reached $91.91. Nevertheless, trading volume fell to 1.29 million shares from 1.58 million shares the previous day.
Support And Resistance Levels for PulteGroup Inc (PHM)
According to the 24-hour chart, there is a support level at 105.35, which, if violated, would cause prices to drop to 104.55. In the upper region, resistance lies at 107.57. The next price resistance is at 108.99. RSI (Relative Strength Index) is 37.72 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -5.75, which suggests the price will decrease in the coming days. Percent R is at 94.91%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
