DR Horton Inc. (DHI) was a big mover last session, as the company saw its shares rise more than 6% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This breaks the recent trend of the company as the stock is now trading above the volatile price range of $18.79–$20.06 over the past one month time frame.
The company witnessed one downward revision over the past 30 days. The Zacks Consensus Estimate also moved lower over the same time frame, signaling trouble down the road. So make sure to keep an eye on this stock going forward to see if this recent move higher lasts.
DH Horton has a Zacks Rank #3 (Hold) while its Earnings ESP is negative.
However, some better-ranked stocks in the homebuilding sector include M/I Homes, Inc. (MHO), MRV Engenharia e Participa (MRVNY) and Meritage Homes Corporation (MTH). All these stocks carry a Zacks Rank #2 (Buy).
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D R HORTON INC (DHI): Free Stock Analysis Report
M/I HOMES INC (MHO): Free Stock Analysis Report
MRV ENG PARTICI ADR (MRVNY): Free Stock Analysis Report
MERITAGE HOMES CORP (MTH): Free Stock Analysis Report
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