In a filing, PulteGroup Inc revealed its Officer OShaughnessy Robert acquired Company’s shares for reported $12.58 million on Aug 01 ’24. In the deal valued at $129.00 per share,97,490 shares were bought.
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Then, OShaughnessy Robert bought 2,510 shares, generating $332,324 in total proceeds.
Before that, OShaughnessy Robert sold 28,993 shares. PulteGroup Inc shares valued at $3,748,630 were divested by the Exec. VP & CFO at a price of $129.29 per share. As a result of the transaction, OShaughnessy Robert now holds 160,330 shares, worth roughly $19.72 million.
Seaport Research Partners downgraded its PulteGroup Inc [PHM] rating to a Neutral from a a Buy in a research note published recently. A number of analysts have revised their coverage, including Citigroup’s analysts, who decreased its forecast for the stock in early January from “a Buy” to “a Neutral”. UBS also remained covering PHM and has decreased its forecast on January 04, 2024 with a “Neutral” recommendation from previously “Buy” rating. Jefferies started covering the stock on November 27, 2023. It rated PHM as “a Buy”.
Price Performance Review of PHM
On Friday, PulteGroup Inc [NYSE:PHM] saw its stock jump 0.73% to $123.02. Over the last five days, the stock has lost -3.64%. PulteGroup Inc shares have risen nearly 19.18% since the year began. Nevertheless, the stocks have risen 44.61% over the past one year. While a 52-week high of $135.62 was reached on 07/31/24, a 52-week low of $68.80 was recorded on 01/03/24. SMA at 50 days reached $116.96, while 200 days put it at $106.85. A total of 1.56 million shares were traded, compared to the trading of 1.26 million shares in the previous session.
Levels Of Support And Resistance For PHM Stock
The 24-hour chart illustrates a support level at 121.66, which if violated will result in even more drops to 120.29. On the upside, there is a resistance level at 124.53. A further resistance level may holdings at 126.04. The Relative Strength Index (RSI) on the 14-day chart is 51.78, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -4.75, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 73.38%. Stochastics%K at 18.99% indicates the stock is a buying.
The most recent change occurred on October 17, 2023 when Wells Fargo began covering the stock and recommended ‘”an Overweight”‘ rating along with a $80 price target.
