PulteGroup, Inc. (NYSE:PHM) stock shows a significant gain


Dallas, Texas 08/22/2013 (Financialstrend) – PulteGroup, Inc. (NYSE:PHM) had recently announced the relocation of its corporate headquarters to Atlanta and had thereby informed of new employment opportunities at this office space. The relocation is expected to be completed by the summer of 2014 and the new facility is designed in an area of 101,000 square feet in the Capital City Plaza building of the state. This new headquarters is expected to house around 300 employees at this location.

The company had recently been celebrating its relocation to Georgia and the increasing demand for the products in the markets.  PulteGroup, Inc. (NYSE:PHM) is primarily engaged in the homebuilding business in the United States and also performs other related businesses such as title operations and mortgage banking operations. The financial services segment of the company generally operates in all the geographic locations where the home building businesses are carried out. In the recent days, the news related to the increase in demand in the housing industry of the United States had sent strong signals of optimism to the traders investing in such home building firms. Shares of such stocks had been presenting significant surge in their prices in the recent days of trading.

PulteGroup, Inc. (NYSE:PHM) had presented significant gain in share prices on Wednesday to close at $16.10 per share, which was observed to be a decrease of 0.56% over the previous close. The stock had further fluctuated during the day to present intraday prices in the range of $15.97 to $16.48 per share. It was observed that the company’s stock on Wednesday had reported trading volume at 13.10 million shares, while the average level for the stock is to trade at 12.26 million shares per day. The 52 week low price for the stock is presently at $12.70 and 52 week high is at $24.47 per share.