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PHM - Why LGI Homes PulteGroup Meritage Homes and Lennar Corp. Stocks All Popped Today
PulteGroup Inc.
Shares of D.R. Horton(NYSE: DHI), "America's largest homebuilder," surged in Tuesday trading -- and sparked a rally among, well, pretty much any other homebuilding stocks you could name. By the time trading closed for the day:
And that's the bad news. The good news is that LGI and Pulte topped 10% gains earlier in the day, while Lennar got close -- delivering even fatter profits to investors who cashed in earlier.