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Shares of PulteGroup (NYSE:) experienced a second consecutive day of losses on Monday, with a decline of 1.12% to $73.22 per piece. This drop came amidst a mixed market session where the slightly rose to 4,288.39 and the Dow Jones fell to 33,433.35.
The company’s stock is now considerably below its 52-week high of $86.16, which it reached on August 10, 2023. Trading volume for PulteGroup stood at 1.9 million shares on Monday, lower than its 50-day average trading volume of 2.4 million shares.
Alongside PulteGroup, other homebuilders also faced setbacks in their share prices. Toll Brothers (NYSE:), D.R Horton, and M.D.C Holdings similarly closed lower on Monday, reflecting a challenging day for the sector overall.
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