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Where Will Meritage Homes Corp (MTH) Stock Go Next After It Is Up 0.67% in a Week?

Tuesday, June 01, 2021 01:26 PM | InvestorsObserver Analysts

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Where Will Meritage Homes Corp (MTH) Stock Go Next After It Is Up 0.67% in a Week?

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

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

What is Stock Sentiment?

When making investment decisions, sentiment gives a good overview of what stocks investors currently favor. Sentiment incorporates short-term technical analysis into its score and does not encompass any fundamental analysis such as profitability of the company. This means that earnings updates and other news can greatly impact overall sentiment.

Sentiment is how investors, or the market, feels about a stock. There are lots of ways to measure sentiment. At the core, sentiment is pretty easy to understand. If a stock is going up, investors must be bullish, while if it is going down, sentiment is bearish.

InvestorsObserver’s Sentiment Indicator looks at price trends over the past week and also considers changes in volume. Increasing volume can mean a trend is getting stronger, while decreasing volume can mean a trend is nearing a conclusion.

For stocks that have options, our system also considers the balance between calls, which are often bets that the price will go up, and puts, which are frequently bets that the price will fall.

What's Happening With MTH Stock Today?

Meritage Homes Corp (MTH) stock is trading at $106.65 as of 1:20 PM on Tuesday, Jun 1, a decline of -$1.02, or -0.95% from the previous closing price of $107.67. The stock has traded between $106.58 and $109.00 so far today. Volume today is less active than usual. So far 215,047 shares have traded compared to average volume of 442,199 shares.

To see InvestorsObserver's Sentiment Score for Meritage Homes Corp click here.

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 Score Report on Meritage Homes Corp (MTH) Stock.

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