Tri Pointe Homes (TPH) Soars to All-Time High on $4.5-Billion Sumitomo Merger

We recently published 10 Market Beasts Leaving Wall Street in the Dust. Tri Pointe Homes Inc. (NYSE:TPH) was one of the best performers on Friday. Tri Pointe climbed to a new all-time high on Friday, as investors gobbled up shares following news that it is set to be acquired by Japan-based Sumitomo Forestry for $4.5 billion. At intra-day trading, the stock jumped to its highest price of $46.47 before paring gains to finish the session just up by 26.80 percent at $46.37 apiece. Photo from Tri Pointe Hom ...