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
$42.85
Day's Change
-2.39 (-5.28%)
Bid
--
Ask
--
B/A Size
--
Day's High
45.27
Day's Low
42.07
Volume
(Heavy Day)

Today's volume of 4,333,579 shares is on pace to be much greater than PHM's 10-day average volume of 2,504,498 shares.

4,333,579

Nio's stock rises toward another record after Citigroup says buy, boosts target by 83%

9:10 am ET October 15, 2020 (MarketWatch)
Print

Shares of Nio Inc. (NIO) rose 1.1% toward another record in premarket trading Thursday, bucking the big selloff in the broader market, after Citigroup analyst Jeff Chung turned bullish on the China-based electric vehicle company, citing a "very strong" order backlog, increased market share, lower battery costs and policy tailwind related to exports. Chung raised his rating to buy, after being at neutral since March, and boosted his stock price target by 82.4%, to $33.20 from $18.10. "We estimate Nio's accumulated order backlog (after deducting weekly shipments) to have increased by 100% to 7k units between now and end-Sep, implying a 1.5-1.8 month level," Chung wrote in a note to clients. "As such, we believe margin visibility has improved dramatically." The upgrade and stock gain comes a day after the stock soared 22.6% to a record close Wednesday after a J.P. Morgan upgrade to buy (http://www.marketwatch.com/story/nio-soars-to-record-after-jpmorgan-selects-it-as-long-term-winner-in-chinas-ev-market-11602695227). Ahead of Thursday's open, futures for the S&P 500 dropped 1.3%. Year to date, Nio's stock has skyrocketed 559.2% through Wednesday, while U.S.-based rival Tesla Inc. (TSLA) shares have soared 451.4% and the S&P 500 has gained 8.0%.

-Tomi Kilgore; 415-439-6400; AskNewswires@dowjones.com

(END) Dow Jones Newswires

October 15, 2020 09:10 ET (13:10 GMT)

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