In a filing, PulteGroup Inc revealed its Exec. VP & CFO OShaughnessy Robert unloaded Company’s shares for reported $3.75 million on Aug 01 ’24. In the deal valued at $129.29 per share,28,993 shares were sold. As a result of this transaction, OShaughnessy Robert now holds 160,330 shares worth roughly $19.65 million.
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Then, OShaughnessy Robert bought 97,490 shares, generating $12,576,210 in total proceeds.
Before that, OShaughnessy Robert bought 2,510 shares. PulteGroup Inc shares valued at $332,324 were divested by the Officer at a price of $132.40 per share.
Wolfe Research downgraded its PulteGroup Inc [PHM] rating to a Peer perform from a an Outperform in a research note published recently. A number of analysts have revised their coverage, including Seaport Research Partners’s analysts, who decreased its forecast for the stock in early August from “a Buy” to “a Neutral”. Citigroup also remained covering PHM and has decreased its forecast on January 08, 2024 with a “Neutral” recommendation from previously “Buy” rating. UBS revised its rating on January 04, 2024. It rated PHM as “a Neutral” which previously was an “a Buy”.
Price Performance Review of PHM
On Friday, PulteGroup Inc [NYSE:PHM] saw its stock jump 0.06% to $122.59. Over the last five days, the stock has lost -0.35%. PulteGroup Inc shares have risen nearly 18.77% since the year began. Nevertheless, the stocks have risen 48.49% 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 $117.67, while 200 days put it at $108.12.
Levels Of Support And Resistance For PHM Stock
The 24-hour chart illustrates a support level at 121.43, which if violated will result in even more drops to 120.27. On the upside, there is a resistance level at 124.04. A further resistance level may holdings at 125.49. The Relative Strength Index (RSI) on the 14-day chart is 50.89, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -2.44, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 75.89%. Stochastics%K at 22.58% indicates the stock is a holding.
How much short interest is there in PulteGroup Inc?
A steep rise in short interest was recorded in PulteGroup Inc stocks on 2024-07-31, growing by 0.7 million shares to a total of 6.73 million shares. Yahoo Finance data shows the prior-month short interest on 2024-06-28 was 6.03 million shares. There was a rise of 10.37%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on November 27, 2023 when Jefferies began covering the stock and recommended ‘”a Buy”‘ rating along with a $107 price target.
