Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. PulteGroup Inc shares valued at $2,491,685 were sold by FOLLIARD THOMAS J on Aug 28 ’24. At $131.14 per share, FOLLIARD THOMAS J sold 19,000 shares. The insider’s holdings dropped to 45,230 shares worth approximately $4.93 million following the completion of this transaction.
Also, Thomas J. Folliard purchased 19,000 shares, netting a total of over 2,538,970 in proceeds.
Before that, OShaughnessy Robert had sold 71,007 shares from its account. In a trade valued at $9,573,739, the Exec. VP & CFO traded PulteGroup Inc shares for $134.83 each. Upon closing the transaction, the insider’s holdings decreased to 71,007 shares, worth approximately $9.73 million.
As published in a research note from Barclays on December 11, 2024, PulteGroup Inc [PHM] has been rated down from an Overweight to an Equal weight and the price target has been revised to $140 from $150. Analysts at Wolfe Research downgraded the stock from ‘”an Outperform”‘ to ‘”a Peer perform”‘ outlook in a report released in mid August. As of August 05, 2024, Seaport Research Partners has decreased its “Buy” rating to a “Neutral” for PHM. Earlier on January 08, 2024, Citigroup 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 drop of approximately -1.12%. Over the course of the year, PulteGroup Inc shares have jumped approximately 5.50%. Shares of the company reached a 52-week high of $149.47 on 10/21/24 and a 52-week low of $99.03 on 01/03/24. A 50-day SMA is recorded $126.27, while a 200-day SMA reached $123.19. Nevertheless, trading volume fell to 1.22 million shares from 0.99 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 108.31, which, if violated, would cause prices to drop to 107.72. In the upper region, resistance lies at 109.74. The next price resistance is at 110.58. RSI (Relative Strength Index) is 24.70 on the 14-day chart, showing oversold technical sentiment. Moving Average Convergence Divergence (MACD) is at -4.01, which suggests the price will decrease in the coming days. Percent R is at 91.01%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
