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Why Taylor Morrison Home Corporation Stock Popped Higher on Wednesday

TheMotleyFool

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Why Taylor Morrison Home Corporation Stock Popped Higher on Wednesday

Shares of home builder Taylor Morrison Home Corporation (NYSE: TMHC) popped higher on Wednesday after the company reported June was its best month ever. The company also announced a favorable new financing arrangement.

Taylor Morrison stock finished 17% higher for the day, and has now returned to where it started the year.