Taylor Morrison Home stock (NYSE: TMHC) surged double-digits on Monday’s opening bell. The real estate company saw a spike of nearly 25% within minutes of the opening bell. The bullish thesis was already building up in the pre-market session, which saw buy bets rising 23%. Therefore, it was expected that TMHC would pop today and soar ahead in the charts. It is also among the top-performing equities of the day.

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Taylor Morrison Stock Turns Bullish: Here’s Why TMHC Is Rising Today

Taylor Morrison stock is rising today after Berkshire Hathaway signed an all-cash deal worth $6.8 billion to acquire the company. The Greg Abel-led firm paid a premium of $23 per share for the acquisition on Friday’s closing bell, when TMHC ended at $58.80. They purchased it at $72.50 per share, and it is a premium amount over and above Friday’s trading price.

However, Taylor Morrison stock already touched a day’s high of $71.81, coming close to Berkshire Hathaway’s premium price. TMHC is expected to surge in the charts as it is now under the hands of the leading investment fund. Even market analytical firm Wolfe Research gave a new price prediction for TMHC with a target of $76. It is now close to its forecast and could reach there with further upward momentum.

All eyes now remain on Taylor Morrison stock as it is trading well below the $100 range. Bulls are looking to push prices above the $100 level, aiming for 20% to 30% profits. An investment in TMHC could prove beneficial now until the word of the Berkshire Hathaway deal remains in the news. Investors are mostly depending on the ‘sell the news’ strategy as the information of the deal could push TMHC up in the charts. However, once the dust settles, the real estate firm will trade as usual in the indices.

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