Beazer Homes (BZH) Sees Upside Swing
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Shares of Beazer Homes USA Inc. (NYSE: BZH) are surging higher today on solid volume. Shares are up 16% currently.
We have not seen any specific news on Beazer, but fellow home builder KB Home (NYSE: KBH) received an upgrade at Credit Suisse today, from Neutral to Outperform. KB Home is up 8%.
Beazer has a rather large short interest, so covering could be propelling share today. Last week, Beazer Homes resolved several previously-disclosed governmental investigations.
The broader homebuilder sector is up 2%, as represented by the ETF SPDR S&P Homebuilders (NYSE: XHB).
We have not seen any specific news on Beazer, but fellow home builder KB Home (NYSE: KBH) received an upgrade at Credit Suisse today, from Neutral to Outperform. KB Home is up 8%.
Beazer has a rather large short interest, so covering could be propelling share today. Last week, Beazer Homes resolved several previously-disclosed governmental investigations.
The broader homebuilder sector is up 2%, as represented by the ETF SPDR S&P Homebuilders (NYSE: XHB).
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