Does anyone know why this security has jumped in the last two days ? The volume is also approximately 10 times normal. Is this normally a volatile stock ?
On CNBC this morning (thursday, Mar 12) Bob Pisani reported that the stocks of Homebuilders are getting a lot of attention from the low interest rates and greatly increased housing sales. A case in point is Kaufman & Broad which is hitting new highs and recently purchased another homebuilder. Presley is an overlooked gem.
With the rebuilding of all the houses in California,PDC is on the front line. They will probably more then triple their existing contracts to build this month.This stock is going up, up, up.