Lennar Corporation (LEN) has been under a strong bear grip, hence the stock is down -0.82% when compared to the S&P 500 in the past 4 weeks. However, in the near-term, buying emerged at lower levels and the stock has outperformed the S&P 500 by 0.27% in the past 1 week. The 4-week change in the price of the stock is -1.03% and the stock has fallen -0.39% in the past 1 week.
The stock has recorded a twenty day Moving Average of 0.94% and the fifty day Moving Average is 1.72%. Lennar Corporation is up 1.36% in the last three month period. Year-to-Date the stock performance stands at -5.04%.
Lennar Corporation (LEN) : The highest level Lennar Corporation (LEN) is projected to reach is $60 for the short term and the lowest estimate is at $49. The consolidated price target from 6 rating analysts who initiate coverage on the stock is $53.33 and the possibility the share price can swing is $3.61.
Lennar Corporation (NYSE:LEN): On Fridays trading session , Opening price of the stock was $47.32 with an intraday high of $47.33. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $46.055. However, the stock managed to close at $46.32, a loss of 1.84% for the day. On the previous day, the stock had closed at $47.19. The total traded volume of the day was 2,330,994 shares.
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.