RTTNews | Jan 13, 2022 12:45PM EST

12:44 Thursday, January 13, 2022 (RTTNews.com) - Arizona-based property company, Meritage Homes Corporation (MTH), is trading 4% higher on the Thursday market despite the company not reporting any stock-specific news to boost the stock.

The company designs and builds single-family homes through two segments, building, and financial services. The company operates around Texas, Arizona, California, Colorado, Georgia, and Tennessee. Since dropping to its month-long low on January 7, the stock has recovered. In the last 6 months, the stock has gone up 24%.

The stock is currently trading at $114.63, up $4.92 or 4.48% since the last close at $109.71. The stock has opened at $113.37. In the 52-week period, the stock has ranged between $79.00 and $125.01.

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