PulteGroup Inc. stock falls Thursday, underperforms market

PulteGroup Inc. stock falls Thursday, underperforms market

Shares of PulteGroup Inc. PHM, -1.18% slid 5.58% to $43.30 Thursday, on what proved to be an all-around dismal trading session for the stock market, with the S&P 500 Index SPX, -0.57% falling 3.56% to 4,146.87 and Dow Jones Industrial Average DJIA, -0.30% falling 3.12% to 32,997.97. The stock’s fall snapped a three-day winning streak. PulteGroup Inc. closed $20.61 below its 52-week high ($63.91), which the company reached on May 10th.

The stock demonstrated a mixed performance when compared to some of its competitors Thursday, as D.R. Horton Inc. DHI, -1.28% fell 5.85% to $71.15, Lennar Corp. Cl B LEN.B, -0.60% fell 5.88% to $66.40, and Toll Brothers Inc. TOL, -0.50% fell 5.17% to $47.91. Trading volume (2.8 M) remained 101,285 below its 50-day average volume of 2.9 M.

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