Beazer Shares Fall
Shares of Beazer Homes (BZH) moved sharply lower Wednesday. The company has been been in contact with the U.S. Attorney's Office; at this time, there have been no allegations of any wrongdoing, but the company received a request for documents generally relating to its mortgage business. Shares of other homebuilders, including D.R. Horton (DHI), Toll Brothers (TOL), and KB Home (KBH) fell in sympathy.
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