D.R. Horton stock rises 1.14% and outperforms competitors
Updated
Updated · MarketWatch · May 8
D.R. Horton stock rises 1.14% and outperforms competitors
8 articles · Updated · MarketWatch · May 8
The shares closed at $147.63 on Friday as the S&P 500 gained 0.84% to 7,398.93 and the Dow added 0.02% to 49,609.16.
D.R. Horton remained 20% below its 52-week high of $184.55 reached on 8 September, despite beating Lennar Class A's 0.73% rise and Invitation Homes' 0.83% fall.
Lennar Class B rose more strongly, up 1.67% to $86.09, while D.R. Horton trading volume of 1.5 million was well below its 50-day average of 2.7 million.
With shrinking margins, is D.R. Horton's stock a true bargain or just a value trap for hopeful investors?
Can D.R. Horton's strategy overcome high mortgage rates to profit from America's massive housing shortage?
Will new government policies to cut building costs actually make new homes more affordable for the average family?