Why Green Brick Partners Stock Was Sliding This Week

Homebuilder and land developer Green Brick Partners (NYSE: GRBK) was likely eager to reach the weekend. As of late Thursday night, according to data compiled by S&P Global Market Intelligence, its shares had tumbled by 17% week to date. An analyst's downgrade certainly didn't do the stock any favors.That morning, Alex Rygiel of Texas Capital Securities reduced his Green Brick recommendation by one peg, sliding it down to hold from his previous buy. In making the move, he set his price target at $71 per share.Image source: Getty Images.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool