D.R. Horton Inc. (DHI) Dips 2.8%

D.R. Horton Inc. (DHI) Dips 2.8%

Among the S&P 500’s biggest fallers on Friday December 06 was D.R. Horton Inc. (DHI). The stock experienced a 2.8% decline to $54.20 with 4.95 million shares changing hands.

D.R. Horton Inc. started at an opening price of 55.14 and hit a high of $55.44 and a low of $53.85. Ultimately, the stock took a hit and finished the day at $1.56 per share. D.R. Horton Inc. trades an average of n/a shares a day out of a total 368.49 million shares outstanding. The current moving averages are a 50-day SMA of $n/a and a 200-day SMA of $n/a. D.R. Horton Inc. hit a high of $55.81 and a low of $32.39 over the last year.

D.R. Horton is a leading homebuilder in the United States with operations in 90 markets across 29 states. D.R. Horton mainly builds single-family detached homes (89% of home sales revenue) and offers products to entry-level, move-up, luxury buyers, and active adults. The company offers homebuyers mortgage financing and title agency services through its financial services segment. D.R. Horton’s headquarters are in Arlington, Texas, and it manages five regional homebuilding offices across the United States.

With its headquarters located in Arlington, TX, D.R. Horton Inc. employs 8,916 people. After today’s trading, the company’s market cap has fallen to $19.97 billion, a P/S of n/a, a P/B of 1.99, and a P/FCF of n/a.

For all the attention paid to the Dow Jones Industrial Average (DJIA), it’s the S&P 500 that’s relied on by insiders and institutional investors. It represents the industry standard for American large-cap indices.

The Dow is made up of just 30 stocks to the S&P 500’s 500, and it uses an unreliable and outdated price-weighting system where the S&P 500 relies on market cap in weighting its returns. This is why its long-term returns is a much more reliable gauge for the performance of large- and mega-cap stocks over time.

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