Standard Pacific: Testing the 200 as Earnings Near (NYSE:SPF)

by Josh
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Standard Pacific Corp. ($SPF) is crossing above the 200 day moving average today. Shares have powered higher the pst three sessions after consolidating at the 50 day moving average.

Shares were last at $8.32 on strong volume, 3,698,450 shares here at the noon hour . Earnings are on October 31st. Shares have been coiling since September and appear to be resolving hat coil to the upside today.

52 Week Range $5.71-$9.97
Market Cap 2,311,203,311
Average Volume 4,801,203
Dividend Yield 0.00%
Institutional Ownership 0.00%
Insider Ownership: 2.60%
Percentage of Float Short 12.00%
Beta 3.13

Standard Pacific Corp. Standard Pacific Corp is engaged in the business of constructing single-family attached and detached homes with operations in the metropolitan markets in California, Florida, Arizona, Texas, the Carolinas, Colorado and Nevada.

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One comment

  1. avatar Taj says:

    No institutional ownership, beta at 3.13 (higher the beta, higher the volatility?) and earnings on Oct 31 what should be the bias?
    Long, short or wait?
    My guess – wait for earnings to pass and then decide.
    What do you think?

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