The S&P 500 (NYSEARCA:SPY) is up down by 0.20% and stands at 1,289.49. Here are three notable and stocks that are experiencing large declines today.
PulteGroup Inc. (NYSE:PHM): Homebuilders pop on the surprisingly strong jump in pending home sales. PHM shares recently traded at $7.69, up $0.35, or 4.77%. They have traded in a 52-week range of $3.29 to $8.69. Volume today was 14,832,017 shares versus a 3-month average volume of 12,029,300 shares. The company’s trailing earnings are $-1.03 per share.
Investing Insights: Lennar Corporation Earnings: Net Income Sinks.
Lennar Corporation (NYSE:LEN): Q4 EPS of $0.16 misses by $0.01% Revenue of $952.7M beats by $38M . LEN shares recently traded at $22.38, up $1.62, or 7.8%. They have traded in a 52-week range of $12.14 to $21.54. Volume today was 9,521,565 shares versus a 3-month average volume of 6,024,950 shares. The company’s trailing P/E is 45.21, while trailing earnings are $0.50 per share.
D. R. Horton Inc. (NYSE:DHI): Like JGB bears, eventually bulls on home builders will be proven correct. A Goldman study finds home prices to be at least 5% undervalued in in two-thirds of tracked metro areas. As the most geographically diversified of the builders, D.R. Horton could be the best proxy for a housing comeback. DHI shares recently traded at $14.10, up $0.62, or 4.6%. They have traded in a 52-week range of $8.03 to $13.57. Volume today was 7,941,669 shares versus a 3-month average volume of 7,243,100 shares. The company’s trailing P/E is 61.30, while trailing earnings are $0.23 per share.
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