Lennar Corp.’s filing revealed that its VP/CFO/Treasurer BESSETTE DIANE J unloaded Company’s shares for reported $1.48 million on Dec 26 ’23. In the deal valued at $147.73 per share,10,000 shares were sold. As a result of this transaction, BESSETTE DIANE J now holds 260,556 shares worth roughly $43.14 million.
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Then, SUSTANA MARK sold 37,304 shares, generating $5,460,560 in total proceeds. Upon selling the shares at $146.38, the VP/General Counsel/Secretary now owns 18,694 shares.
Before that, Collins David M sold 10,000 shares. Lennar Corp. shares valued at $1,300,000 were divested by the VP & Controller at a price of $130.00 per share. As a result of the transaction, Collins David M now holds 37,060 shares, worth roughly $6.14 million.
Jefferies initiated its Lennar Corp. [LEN] rating to a Hold in a research note published on November 27, 2023; the price target was $117. A number of analysts have revised their coverage, including Wells Fargo’s analysts, who began to cover the stock in mid October with a ‘”an Overweight”‘ rating. Raymond James also remained covering LEN and has increased its forecast on July 14, 2023 with a “an Outperform” recommendation from previously “Mkt perform” rating. Deutsche Bank started covering the stock on June 01, 2023. It rated LEN as “a Sell”.
Price Performance Review of LEN
On Tuesday, Lennar Corp. [NYSE:LEN] saw its stock fall -0.29% to $165.56. Over the last five days, the stock has gained 3.71%. Lennar Corp. shares have risen nearly 11.08% since the year began. Nevertheless, the stocks have risen 59.59% over the past one year. While a 52-week high of $167.49 was reached on 03/26/24, a 52-week low of $100.95 was recorded on 01/03/24. SMA at 50 days reached $155.76, while 200 days put it at $132.06. A total of 1.4 million shares were traded, compared to the trading of 1.28 million shares in the previous session.
Levels Of Support And Resistance For LEN Stock
The 24-hour chart illustrates a support level at 164.61, which if violated will result in even more drops to 163.66. On the upside, there is a resistance level at 167.28. A further resistance level may holdings at 169.00. The Relative Strength Index (RSI) on the 14-day chart is 60.34, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 3.41, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 15.06%. Stochastics %K at 90.07% indicates the stock is a selling.
How much short interest is there in Lennar Corp.?
A steep rise in short interest was recorded in Lennar Corp. stocks on Feb 29, 2024, dropping by -0.23 million shares to a total of 4.54 million shares. Yahoo Finance data shows the prior-month short interest on Jan 31, 2024 was 4.77 million shares. There was a decline of -5.07%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 2.12% of the overall stock float, the days-to-cover ratio (short ratio) fell to 2.52.
The most recent change occurred on March 02, 2023 when Oppenheimer began covering the stock and recommended ‘”a Perform”‘ rating .
