Is Meritage Homes Corp (MTH) a Stock to Watch After Losing -3.47% This Week?

The market has been high on Meritage Homes Corp (MTH) stock recently. MTH gets a Bullish score from InvestorsObserver Stock Sentiment Indicator.

Meritage Homes Corp has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on MTH!

See Full MTH Report

What is Stock Sentiment?

Sentiment is a very short-term indicator that is entirely technical. There is no information about the health of profitability of the underlying company in our sentiment score. As a technical indicator, news about the stock, or company, such as an earnings release or other event, could move the stock counter to the recent trend. Price action is generally the best indicator of sentiment. For a stock to go up, investors must feel good about it. Similarly, a stock that is in a downtrend must be out of favor. InvestorsObserver’s Sentiment Indicator considers price action and recent trends in volume. Increasing volumes often mean that a trend is strengthening, while decreasing volumes can signal that a reversal could come soon. The options market is another place to get signals about sentiment. Since options allow investors to place bets on the price of a stock, we consider the ratio of calls and puts for stocks where options are available.

What's Happening With MTH Stock Today?

Meritage Homes Corp (MTH) stock is trading at $100.87 as of 3:03 PM on Monday, Sep 20, a drop of -$4.74, or -4.48% from the previous closing price of $105.60. The stock has traded between $100.30 and $104.24 so far today. Volume today is less active than usual. So far 157,406 shares have traded compared to average volume of 297,194 shares.

More About Meritage Homes Corp

Meritage Homes Corp is an American residential construction company that primarily builds single-family and active adult housing communities across the western, southern, and southeastern parts of the United States. Meritage Homes has a homebuilding presence in over 25 metro markets and has expanded its presence in Texas, Florida, Georgia, and the Carolinas. The company is considered one of the industry's leading energy-efficient homebuilders. Meritage completes approximately 6,000 home orders annually, and the majority of its revenue is derived from move-up single-family homes, followed by active adult housing communities. Click Here to get the full Stock Report for Meritage Homes Corp stock.