PulteGroup Inc’s filing revealed that its Vice President & Controller O’Meara Brien P. unloaded Company’s shares for reported $0.21 million on Feb 06 ’24. In the deal valued at $103.09 per share,2,000 shares were sold. As a result of this transaction, O’Meara Brien P. now holds 15,389 shares worth roughly $1.74 million.
Then, Snyder Lila sold 4,000 shares, generating $322,936 in total proceeds. Upon selling the shares at $80.73, the Director now owns 5,540 shares.
Before that, OShaughnessy Robert sold 115,102 shares. PulteGroup Inc shares valued at $7,700,094 were divested by the Exec. VP & CFO at a price of $66.90 per share. As a result of the transaction, OShaughnessy Robert now holds 177,564 shares, worth roughly $20.02 million.
Citigroup downgraded its PulteGroup Inc [PHM] rating to a Neutral from a a Buy in a research note published on January 08, 2024; the price target was increased to $113 from $87. A number of analysts have revised their coverage, including UBS’s analysts, who decreased its forecast for the stock in early January from “a Buy” to “a Neutral”. Jefferies began covering PHM with “Buy” recommendation on November 27, 2023. Wells Fargo started covering the stock on October 17, 2023. It rated PHM as “an Overweight”.
Price Performance Review of PHM
On Tuesday, PulteGroup Inc [NYSE:PHM] saw its stock jump 4.57% to $112.76. Over the last five days, the stock has gained 5.52%. PulteGroup Inc shares have risen nearly 9.24% since the year began. Nevertheless, the stocks have risen 79.47% over the past one year. While a 52-week high of $121.07 was reached on 04/01/24, a 52-week low of $62.35 was recorded on 01/03/24. SMA at 50 days reached $110.46, while 200 days put it at $92.55. A total of 3.51 million shares were traded, compared to the trading of 2.7 million shares in the previous session.
Levels Of Support And Resistance For PHM Stock
The 24-hour chart illustrates a support level at 107.97, which if violated will result in even more drops to 103.18. On the upside, there is a resistance level at 115.40. A further resistance level may holdings at 118.04. The Relative Strength Index (RSI) on the 14-day chart is 54.02, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.70, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 37.95%. Stochastics %K at 30.98% indicates the stock is a holding.
