GRBK - Green Brick Partners, Inc. operates as a homebuilding and land development company in the United States. It operates in three segments: Builder operations Central, Builder operations Southeast, and Land development. The company is involved in the land acquisition and development, entitlements, design, construction, title and mortgage services, marketing, and sale of townhomes, patio homes, single family homes, and luxury homes in residential neighborhoods and master planned communities; development and sale of lots; and land and construction financing business. It owns or controls approximately 9,000 home sites in Dallas, Atlanta, and Vero Beach. The company sells its homes through sales representatives and independent real estate brokers. Green Brick Partners, Inc. is based in Plano, Texas.
A lot of businesses and families are feeling SALT states and moving to TX for lower taxes and business friendly environment. GBRK is likely to benefit for the booming TX real estate market.
The stock has seen a steady incline throughout 2020 and while some investors are taking profits, which is clear in the recent down trend on the chart and money flow indicator. However Director D. Einhorn acquired 850,000 shares on 1/25/2021 at an avg. of $20.55 = $17m transaction. There were other insider buyers in 2020 and no selling, this tells me the insiders believe the stock is undervalued.
The current technical indicators are giving a potential entry at $18.48. I have sent an alert to trigger an opening position.
A lot of businesses and families are feeling SALT states and moving to TX for lower taxes and business friendly environment. GBRK is likely to benefit for the booming TX real estate market.
The stock has seen a steady incline throughout 2020 and while some investors are taking profits, which is clear in the recent down trend on the chart and money flow indicator. However Director D. Einhorn acquired 850,000 shares on 1/25/2021 at an avg. of $20.55 = $17m transaction. There were other insider buyers in 2020 and no selling, this tells me the insiders believe the stock is undervalued.
The current technical indicators are giving a potential entry at $18.48. I have sent an alert to trigger an opening position.
Trade closed: target reached:
The Stock reached my target and is still trending upward. I'm trimming my position and holding a few shares into earnings. Long term winner.