TMHC - Watch for Continued Gains in Shares of Taylor Morrison Home Corporation (TMHC)

Taylor Morrison Home Corporation (NYSE:TMHC) traded at a new 52-week high today of $33.03. So far today approximately 238,000 shares have been exchanged, as compared to an average 30-day volume of 960,000 shares.

In the past 52 weeks, shares of Taylor Morrison Home Corporation have traded between a low of $11.16 and a high of $33.03 and is now at $32.94, which is 195% above that low price.

Taylor Morrison Home is an American residential construction company that builds single-family homes and communities throughout California, Arizona, Texas, Illinois, Colorado, Florida, Georgia, and North Carolina. Taylor Morrison also reports via a mortgage operations segment that provides financing services for its homebuyers. It constructs various types of single-family homes, from entry-level to luxury move-up homes, as well as active adult communities. The majority of the company's revenue is derived from its construction projects, with the West and central operating regions leading the way.

Based on a current price of $32.94, Taylor Morrison Home Corporation is currently 3.9% above its average consensus analyst price target of $31.66.

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