Ryland Group Inc.
(RYL) opened at 33.58. So far today, the stock has hit a low of 32.80 and a high of 33.58. RYL is now trading at 33.07, down 0.51 (-1.52%). The stock hit its 52 week high of 48.61 in May and set its 52 week low of 19.51 in November. RYL has traded higher since October of last year. Shares of homebuilders have been dropping today dragged down by Beazer Homes USA Inc.
(BZH) whose shares fell after a JMP Securities analyst forecast a loss of $13.40 per share this fiscal year, compared with his previous estimate for a loss of $7 per share. Technical indicators for the stock are neutral and improving while S&P gives RYL a neutral 3 STARS (out of 5) hold rating. If you’re looking for a hedged play on this stock, consider a July bear-call credit spread above the $40 range. RYL stock could rise up to 21% before expiration and this position would still be profitable. [RHF - Seven Summits Strategic Investments NewsBite]