Large Outflow of Money Witnessed in Lennar Corporation

Lennar Corporation (LEN) : Net money flow in Lennar Corporation (LEN) was negative ($8.15 million) and the inflow of money on uptick was $11.3 million, whereas, the outflow of money on downticks amounted to $19.44 million on Wednesday. The traders used every opportunity of price strength in the stock to sell their positions, hence, the total uptick to downtick ratio was 0.58. The block trades show that the large investors, were aggressive sellers in the stock. On the other hand, the total value of block trades done on downticks was $8.36 million. The money flow in block trades was negative ($8.36). Lennar Corporation (LEN) gained $0.46 cent during the day and reached $43.18, a gain of 1.08% over the previous day.

Lennar

Lennar Corporation has lost 0.58% in the last five trading days and dropped 7.73% in the last 4 weeks. Lennar Corporation has dropped 5.64% during the last 3-month period . Year-to-Date the stock performance stands at -11.44%.

Lennar Corporation (LEN) : The consensus on Lennar Corporation (LEN) based on 10 analyst recommendation on the company stock is 2.2, which is interpreted as a Buy recommendation. Zacks Investment Research has issued a rank of 3 which endorses a Hold on the stock. However, 3 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 2 analyst believes that the stock is a Buy, which can produce decent returns in the future. 5 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating.

Lennar Corporation (NYSE:LEN): The stock opened at $42.74 and touched an intraday high of $43.32 on Wednesday. During the day, the stock corrected to an intraday low of $42.5877, however, the bulls stepped in and pushed the price higher to close in the green at $43.2 with a gain of 1.12% for the day. The total traded volume for the day was 1,900,099. The stock had closed at $42.72 in the previous trading session.

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.

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