Among the biggest risers on the S&P 500 on Friday October 04 was PulteGroup Inc. ($PHM), popping some 2.54% to a price of $37.09 a share with some 3.53 million shares trading hands.
Starting the day trading at $36.20, PulteGroup Inc. reached an intraday high of $37.09 and hit intraday lows of $36.13. Shares gained $0.92 apiece by day’s end. Over the last 90 days, the stock’s average daily volume has been n/a of its 274.22 million share total float. Today’s action puts the stock’s 50-day SMA at $n/a and 200-day SMA at $n/a with a 52-week range of $20.64 to $36.72.
PulteGroup is one of the largest homebuilders in the United States, operating in 44 markets across 24 states. The company mainly builds single-family detached homes (85% of unit sales) and offers products to entry-level, move-up, and active-adult buyers. PulteGroup offers homebuyers mortgage financing and title agency services through its financial services segment. The company is headquartered in Atlanta.
PulteGroup Inc. has its corporate headquarters located in Atlanta, GA and employs 5,086 people. Its market cap has now risen to $10.17 billion after today’s trading, its P/E ratio is now n/a, its P/S n/a, P/B 2.01, and P/FCF n/a.
The Dow Jones Industrial Average (DJIA) is the most visible stock index in the United States, but that doesn’t make it the best. In fact, the industry standard for market watchers and institutional investors in gauging portfolio performance is the S&P 500.
The DJIA relies on just 30 stocks as a sample of large- and mega-cap firms, dwarfed by the 500 contained in the S&P 500, and it also weights its returns using an outdated and flawed price-weighting method. The S&P 500’s weighting is based on market cap, making it a much better representation of actual market performance for large- and mega-cap stocks.
