PulteGroup Inc’s recently made public that its Director Snyder Lila unloaded Company’s shares for reported $0.19 million on Aug 20 ’24. In the deal valued at $124.37 per share,1,528 shares were sold. As a result of this transaction, Snyder Lila now holds 5,540 shares worth roughly $0.75 million.
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Then, Snyder Lila bought 1,528 shares, generating $190,039 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 $21.67 million.
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 4.57% to $135.13. Over the last five days, the stock has gained 10.23%. PulteGroup Inc shares have risen nearly 30.91% since the year began. Nevertheless, the stocks have risen 69.63% 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 $119.21, while 200 days put it at $109.35.
Levels Of Support And Resistance For PHM Stock
The 24-hour chart illustrates a support level at 131.70, which if violated will result in even more drops to 128.26. On the upside, there is a resistance level at 137.08. A further resistance level may holdings at 139.02. The Relative Strength Index (RSI) on the 14-day chart is 70.00, which indicates 70.00 technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 6.38, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 2.93%. Stochastics%K at 93.40% indicates the stock is a selling.
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.
