Lennar Corporation (LEN) Shares are Down -0.11%

Lennar Corporation (LEN) : During the past 4 weeks, traders have been relatively bearish on Lennar Corporation (LEN), hence the stock is down -4.89% when compared to the S&P 500 during the same period. However, in the past 1 week, the selling of the stock is down by -0.16% relative to the S&P 500. The 4-week change in the price of the stock is -3.91% and the stock has fallen -0.11% in the past 1 week.

The stock has recorded a 20-day Moving Average of 1.85% and the 50-Day Moving Average is 0.53%. Lennar Corporation (NYSE:LEN): On Fridays trading session , Opening price of the stock was $47.13 with an intraday high of $47.27. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $46.52. However, the stock managed to close at $46.75, a loss of 0.87% for the day. On the previous day, the stock had closed at $47.16. The total traded volume of the day was 1,489,819 shares.


The company Insiders own 12.18% of Lennar Corporation shares according to the proxy statements. Institutional Investors own 87.76% of Lennar Corporation shares. Also, Argus Research initiates coverage on Lennar Corporation (NYSE:LEN) In a research note issued to the investors, the brokerage major announces price-target of $59 per share.The shares have been rated Buy. The rating by the firm was issued on July 5, 2016.

Lennar Corporation is a real estate company. The Company is a homebuilder, a provider of real estate-related financial services, a commercial real estate investment, investment management and finance company. It operates under Homebuilding Operations, Lennar Financial Services, Rialto and Lennar Multifamily segments. It has grouped its homebuilding activities into five segments: Homebuilding East, Homebuilding Central, Homebuilding West, Homebuilding Southeast Florida and Homebuilding Houston. Its homebuilding operations include the construction and sale of single-family attached and detached homes. Lennar Financial Services offers residential mortgage loan products to buyers of their homes and others. The Rialto segment is a commercial real estate investment, investment management and finance company. The Lennar Multifamily segment focuses on developing a portfolio of multifamily rental properties in select United States markets. It operates under brand name Lennar.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *