D.R. Horton Hits 52-Week High: Can Rate-Cut Buzz Lift the Stock?

D.R. Horton, Inc. (DHI) shares crafted a new 52-week high of $193.63 on Aug. 6, 2024. The stock pulled back to end the trading session at $189.06.Homebuilder stocks such as KB Home (KBH) , PulteGroup, Inc. (PHM) and Lennar Corporation (LEN) reached 52-week highs on Aug. 26, following Federal Reserve Chair Jerome Powell's clear signal to financial markets that the time for lower interest rates has arrived. While Powell suggested that rate cuts are on the horizon, the extent of these cuts is still uncertain.A ...