Pultegroup Inc
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Consumer Discretionary : Household Durables | Mid Cap Blend
Company profile

PulteGroup, Inc. is a homebuilder in the United States. The Company's segments include Homebuilding and Financial Services. Its Homebuilding operations are engaged in the acquisition and development of land primarily for residential purposes within the United States and the construction of housing on such land. Its Financial Services operations consist principally of mortgage banking and title operations. The Company conducts its financial services business, through Pulte Mortgage LLC (Pulte Mortgage) and other subsidiaries. Pulte Mortgage arranges financing through the origination of mortgage loans. The Company's subsidiaries are engaged in the homebuilding business. It offers a product line to meet the needs of homebuyers in its focused markets. Through its brands, which include Centex, Pulte Homes, Del Webb, DiVosta Homes, and John Wieland Homes and Neighborhoods, the Company offers a range of home designs, including single-family detached, townhouses, condominiums and duplexes.

Price
Delayed
$42.90
Day's Change
-2.34 (-5.17%)
Bid
--
Ask
--
B/A Size
--
Day's High
45.27
Day's Low
42.07
Volume
(Heavy Day)

Today's volume of 4,363,685 shares is on pace to be much greater than PHM's 10-day average volume of 2,504,498 shares.

4,363,685

UPDATE: GameStop stock surges after Microsoft partnership announcement

4:50 pm ET October 8, 2020 (MarketWatch)
Print

Shares of GameStop Corp. (GME) gained 44% in Thursday trading after the company announced that it has entered into a multi-year partnership with Microsoft Corp. (MSFT). Through the partnership, GameStop will use Microsoft's Dynamics 365 portfolio of cloud applications to help run its back-end and in-store operations. GameStop plans to use Dynamics to gain insights into customer preferences. GameStop employees will also use Microsoft Surface tablets while working with customers, and GameStop will use Microsoft Teams for workplace communications. The company said in a release that it's adding Xbox All Access to its offerings, "which provides an Xbox console and 24 months of Xbox Game Pass Ultimate to players with no upfront cost." The company expects both it and Microsoft to benefit from "the customer acquisition and lifetime revenue value of each gamer brought into the Xbox ecosystem." Jefferies analyst Stephanie Wissink wrote that this Xbox arrangement is the most constructive to her bullish view on GameStop as it "at least partially remov[es] a headline risk that GameStop loses all value from software sales as they shift from physical to digital." She assumes that the company sees weaker economics for digital software versus physical sales "but some economics are better than none." Wissink has a buy rating and $10 price target on the stock. The stock has risen 217% over the past three months as the S&P 500 has gained 9%.

-Emily Bary; 415-439-6400; AskNewswires@dowjones.com

(END) Dow Jones Newswires

October 08, 2020 16:50 ET (20:50 GMT)

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