Toll Brothers Inc (TOL): Today's Featured Materials & Construction Laggard
Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.Toll Brothers (TOL) pushed the Materials & Construction industry lower today making it today's featured Materials & Construction laggard. The industry as a whole closed the day down 0.5%. By the end of trading, Toll Brothers fell $0.36 (-1.1%) to $31.95 on heavy volume. Throughout the day, 8,145,076 shares of Toll Brothers exchanged hands as compared to its average daily volume of 4,430,500 shares. The stock ranged in price between $31.00-$32.05 after having opened the day at $31.65 as compared to the previous trading day's close of $32.31. Other companies within the Materials & Construction industry that declined today were: PulteGroup (PHM), down 10.3%, DR Horton (DHI), down 8.6%, M/I Homes (MHO), down 7.2% and Taylor Morrison Home (TMHC), down 6.8%.
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