PulteGroup Inc’s recent filing unveils that its Director FOLLIARD THOMAS J unloaded Company’s shares for reported $2.49 million on Aug 28 ’24. In the deal valued at $131.14 per share,19,000 shares were sold. As a result of this transaction, FOLLIARD THOMAS J now holds 45,230 shares worth roughly $6.23 million.
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Then, Thomas J. Folliard bought 19,000 shares, generating $2,538,970 in total proceeds.
Before that, OShaughnessy Robert sold 71,007 shares. PulteGroup Inc shares valued at $9,573,739 were divested by the Exec. VP & CFO at a price of $134.83 per share. As a result of the transaction, OShaughnessy Robert now holds 89,323 shares, worth roughly $12.3 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 Monday, PulteGroup Inc [NYSE:PHM] saw its stock jump 6.08% to $137.65. Over the last five days, the stock has gained 7.06%. PulteGroup Inc shares have risen nearly 33.36% since the year began. Nevertheless, the stocks have risen 56.24% over the past one year. While a 52-week high of $149.47 was reached on 10/21/24, a 52-week low of $86.59 was recorded on 01/03/24. SMA at 50 days reached $136.68, while 200 days put it at $121.66.
Levels Of Support And Resistance For PHM Stock
The 24-hour chart illustrates a support level at 132.60, which if violated will result in even more drops to 127.54. On the upside, there is a resistance level at 140.90. A further resistance level may holdings at 144.14. The Relative Strength Index (RSI) on the 14-day chart is 60.10, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.71, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 9.76%. Stochastics %K at 59.57% 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 2024-10-31, dropping by -1.49 million shares to a total of 5.25 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 6.74 million shares. There was a decline of -28.44%, which implies that there is a negative 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.
