Shares of Lennar Corporation (LEN) Sees Large Outflow of Money

Lennar Corporation (LEN): The stock had negative money flow to the tune of ($2.18 million) on Thursday, which shows that the traders are selling the stock on the price strength. The inflow of money on upticks was $15.87 million, whereas, the outflow of money on downticks was $18.05 million and the ratio between the two was 0.88. The block trade had a negative net money flow of ($3.36 million). On the other hand, downticks amounted to $3.36 million of the traded value, which shows distribution in the stock by traders. Lennar Corporation (LEN) closed with marginal gains of 30 cents to end the day at $47.32, an increase of 0.64% over the previous days close. The stock recorded 1.94% for the week.


Lennar Corporation (LEN) has been rated by 8 research analysts. Fundamentally, the highest shorterm price forecast for the stock is expected to reach $63 and the lowest price target forecast is $49. The average forecast of all the analysts is $54.5 and the expected standard deviation is $4.6. The stock has recorded a 20-day Moving Average of 3.08% and the 50-Day Moving Average is 4.58%.

Lennar Corporation (NYSE:LEN): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $47.07 and $47.07 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $47.76. The buying momentum continued till the end and the stock did not give up its gains. It closed at $47.49, notching a gain of 1.00% for the day. The total traded volume was 2,565,948 . The stock had closed at $47.02 on the previous day.

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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