PulteGroup Inc’s recently made public 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 $5.29 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 $10.45 million.
Barclays downgraded its PulteGroup Inc [PHM] rating to an Equal weight from a an Overweight in a research note published on December 11, 2024; the price target was decreased to $140 from $150. A number of analysts have revised their coverage, including Wolfe Research’s analysts, who decreased its forecast for the stock in mid August from “an Outperform” to “a Peer perform”. Seaport Research Partners also remained covering PHM and has decreased its forecast on August 05, 2024 with a “Neutral” recommendation from previously “Buy” rating. Citigroup revised its rating on January 08, 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 fall -1.17% to $117.04. Over the last five days, the stock has lost -8.90%. PulteGroup Inc shares have risen nearly 13.39% since the year began. Nevertheless, the stocks have risen 11.59% over the past one year. While a 52-week high of $149.47 was reached on 10/21/24, a 52-week low of $99.03 was recorded on 01/03/24. SMA at 50 days reached $132.68, while 200 days put it at $123.25.
Levels Of Support And Resistance For PHM Stock
The 24-hour chart illustrates a support level at 115.79, which if violated will result in even more drops to 114.54. On the upside, there is a resistance level at 119.06. A further resistance level may holdings at 121.07. The Relative Strength Index (RSI) on the 14-day chart is 28.05, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -9.31, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 97.89%. Stochastics %K at 3.38% indicates the stock is a buying.
How much short interest is there in PulteGroup Inc?
A steep rise in short interest was recorded in PulteGroup Inc stocks on 2024-11-29, dropping by 42809.0 shares to a total of 5.21 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-31 was 5.25 million shares. There was a decline of -0.82%, which implies that there is a negative sentiment for the stock.
