General Electric Company (NYSE:GE) plans to announce deals in coming weeks to sell wind turbines worth as much as 1.33-billion reais ($604m) to Brazilian developer Casa dos Ventos, said two people involved in the negotiations. General Electric Company (NYSE:GE) stock performance was -0.57% in last session and finished the day at $26.28. Traded volume was 29.68million shares in the last session and the average volume of the stock remained 26.45million shares. The beta of the stock remained 1.51. General Electric Company (NYSE:GE) insider ownership is 0.04%.
Weyerhaeuser Company (NYSE:WY) today announced that the final exchange ratio for its exchange offer for Weyerhaeuser common shares will be 1.7003 common shares of Weyerhaeuser Real Estate Company (“WRECO”), Weyerhaeuser’s homebuilding business, for each Weyerhaeuser common share validly tendered and not properly withdrawn pursuant to the exchange offer. Weyerhaeuser Company (NYSE:WY) rose 1.57 percent to $33.09 Monday on volume of 21.27million shares. The intra-day range of the stock was $32.48 to $33.26. Weyerhaeuser Company (NYSE:WY) has a market capitalization of $19.36billion.
Small cap California focused homebuilder stock Tri Pointe Homes Inc (NYSE:TPH) has the dubious distinction of being the fourth most shorted stock on the NYSE with short interest of 54.52% according to HighShortInterest.com – meaning its worth taking a closer look at why the shorts have it in for this stock plus look at the performance of other important California homebuilder stocks like New Home Company Inc (NYSE: NWHM), Standard Pacific Corp (NYSE: SPF) and KB Home (NYSE: KBH). Tri Pointe Homes Inc (NYSE:TPH)’s stock on June 30, 2014 reported a increase of 2.54% to the closing price of $15.72. Its fifty two weeks range is $13.43 -$20.29. The total market capitalization recorded $497.26million. The overall volume in the last trading session was 8.86million shares. In its share capital, TPH has 31.63million outstanding shares.
Builder D.R. Horton, Inc. (NYSE:DHI) says escalating prices have left first-time buyers “underserved.” It’s introduced a low-cost division with homes priced as low as $120,000, targeted in part at millennial buyers but located at the edges of suburbia where land is cheaper. On Monday, shares of D.R. Horton, Inc. (NYSE:DHI) advanced 3.15% to close the day at $24.58. Company return on investment (ROI) is 6.10% and its monthly performance is recorded as 3.80%. D.R. Horton, Inc. (NYSE:DHI) quarterly revenue growth is 13.74%.
Cemex SAB de CV (ADR) (NYSE:CX)‘s stock had its “overweight” rating reiterated by stock analysts at JPMorgan Chase & Co. in a report issued on Friday. They currently have a $15.50 target price on the stock, up from their previous target price of $14.00. Cemex SAB de CV (ADR) (NYSE:CX) stock performance was 0.08% in last session and finished the day at $13.23. Traded volume was 6.72million shares in the last session and the average volume of the stock remained 11.69million shares. The beta of the stock remained 2.40.