Green Brick Partners ( (GRBK) ) is experiencing volatility. Read on for a possible explanation for the stock’s unusual movement.
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Green Brick Partners’ stock took a hit after Texas Capital downgraded the company from Buy to Hold. The downgrade was attributed to the company’s geographic exposure to softer markets in Texas, which could limit its deliveries in the near-term. Despite these concerns, the price target remains unchanged at $71.
More about Green Brick Partners
YTD Price Performance: 24.35%
Average Trading Volume: 252,784
Technical Sentiment Signal: Strong Buy
Current Market Cap: $3.06B
For further insights into GRBK stock on TipRanks’ Stock Analysis page.
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