Forestar Group Inc (FOR) Plunges 5.16% on January 22

Forestar Group Inc (FOR) Plunges 5.16% on January 22

Forestar Group Inc (FOR) had a rough trading day for Tuesday January 22 as shares tumbled 5.16%, or a loss of $-0.78 per share, to close at $14.33. After opening the day at $15.00, shares of Forestar Group Inc traded as high as $15.04 and as low as $14.06. Volume was 50,099 shares over 608 trades, against an average daily volume of 74,769 shares and a total float of 41.96 million.

As a result of the decline, Forestar Group Inc now has a market cap of $601.23 million.

The stock has a P/E Ratio of 12.2.

Forestar Group Inc is a residential and mixed-use property development company. Forestar group’s operation is segmented into real estate, mineral resources, and other segments. The real estate segment is engaged in the acquisition, entitlement, development, and sale of real estate, and it represents the most significant amount of the company’s income. The mineral resource segment consists of the exploration, development, and production of oil and gas. The other segment includes activities of timber, recreational leases, and water resource asset.

Forestar Group Inc is based out of Austin, TX and has some 41 employees. Its CEO is Daniel C. Bartok.

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