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NYSE Stocks In The News.(A)

Investor's Business Daily

| April 02, 2001 | COPYRIGHT 2001 Investor's Business Daily, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

Del Webb exploded out of a base in August, and scored a 115% gain through February. The stock settled into a base, which by Friday's end was seven weeks long. Several weeks ago, it found support at its 200-day moving average, a good sign. It's now 7% off its high.

The Phoenix-based firm builds housing communities for active adults aged 55 or older. Its community locales include Phoenix; Tucson, Ariz.; Las Vegas; Hilton Head, S.C.; and Ocala, Fla.

On March 20, Del Webb announced an alliance with Lakewood Homes to engage injoint ventures that will boost shareholder value. The two will develop a "Grand Haven" adult resort community in Romeoville, in the Chicago area. It will include 258 town homes and 419 single-family units.

Del Webb's profit has grown by 16% to ...

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