Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. PulteGroup Inc shares valued at $3,748,630 were sold by OShaughnessy Robert on Aug 01 ’24. At $129.29 per share, OShaughnessy Robert sold 28,993 shares. The insider’s holdings dropped to 160,330 shares worth approximately $19.54 million following the completion of this transaction.
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Also, OShaughnessy Robert purchased 97,490 shares, netting a total of over 12,576,210 in proceeds.
Before that, OShaughnessy Robert had added 2,510 shares to its account. In a trade valued at $332,324, the Officer bought PulteGroup Inc shares for $132.40 each.
As published in a research note from Wolfe Research on August 14, 2024, PulteGroup Inc [PHM] has been rated down from an Outperform to a Peer perform. Analysts at Seaport Research Partners downgraded the stock from ‘”a Buy”‘ to ‘”a Neutral”‘ outlook in a report released in early August. As of January 08, 2024, Citigroup has decreased its “Buy” rating to a “Neutral” for PHM. Earlier on January 04, 2024, UBS downgraded its rating. Their new recommendation was “a Neutral” for PHM stock which previously was a “a Buy”.
Analyzing PHM Stock Performance
During the last five days, there has been a surge of approximately 1.58%. Over the course of the year, PulteGroup Inc shares have jumped approximately 18.07%. Shares of the company reached a 52-week high of $135.62 on 07/31/24 and a 52-week low of $99.03 on 01/03/24. A 50-day SMA is recorded $117.34, while a 200-day SMA reached $107.62. Nevertheless, trading volume fell to 1.68 million shares from 1.35 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 120.46, which, if violated, would cause prices to drop to 119.06. In the upper region, resistance lies at 124.13. The next price resistance is at 126.40. RSI (Relative Strength Index) is 49.52 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -3.57, which suggests the price will decrease in the coming days. Percent R is at 80.08%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
