PulteGroup Slides 11% in a Month: Buy PHM Stock on the Dip?
PulteGroup(PHM) ZACKS·2024-07-03 01:50
PulteGroup, Inc. (PHM) shares, like other builders, have pulled back slightly in recent times, given concerns over mortgage rates. PHM shares have lost 11% in the past month amid a challenging borrowing costs landscape.Even shares of a few prominent players in the industry like D.R. Horton (DHI) , Lennar (LEN) and Toll Brothers (TOL) have lost 8.4%, 11.2% and 8.2%, respectively, in the past month. The Zacks Building Products - Home Builders industry has declined 5%. However, the S&P 500 Index has risen 3.4% ...