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Recent Insider Activity Suggests Potential Gains for Lennar Corp. (LEN)

Lennar Corp.’s filing revealed that its Director Banse Amy acquired Company’s shares for reported $0.25 million on Apr 10 ’24. In the deal valued at $157.00 per share,1,575 shares were bought. As a result of this transaction, Banse Amy now holds 11,859 shares worth roughly $1.8 million.

Then, BESSETTE DIANE J sold 10,000 shares, generating $1,477,300 in total proceeds. Upon selling the shares at $147.73, the VP/CFO/Treasurer now owns 260,556 shares.

Before that, SUSTANA MARK sold 37,304 shares. Lennar Corp. shares valued at $5,460,560 were divested by the VP/General Counsel/Secretary at a price of $146.38 per share. As a result of the transaction, SUSTANA MARK now holds 18,694 shares, worth roughly $2.83 million.

Wedbush downgraded its Lennar Corp. [LEN] rating to an Underperform from a a Neutral in a research note published recently. A number of analysts have revised their coverage, including Jefferies’s analysts, who began to cover the stock in late November with a ‘”a Hold”‘ rating. Wells Fargo began covering LEN with “an Overweight” recommendation on October 17, 2023. Raymond James revised its rating on July 14, 2023. It rated LEN as “an Outperform” which previously was an “a Mkt perform”.

Price Performance Review of LEN

On Tuesday, Lennar Corp. [NYSE:LEN] saw its stock fall -2.48% to $151.62. Over the last five days, the stock has lost -2.62%. Lennar Corp. shares have risen nearly 1.73% since the year began. Nevertheless, the stocks have risen 34.40% over the past one year. While a 52-week high of $172.59 was reached on 03/28/24, a 52-week low of $102.90 was recorded on 01/03/24. SMA at 50 days reached $159.28, while 200 days put it at $136.42. A total of 1.28 million shares were traded, compared to the trading of 1.95 million shares in the previous session.

Levels Of Support And Resistance For LEN Stock

The 24-hour chart illustrates a support level at 150.47, which if violated will result in even more drops to 149.32. On the upside, there is a resistance level at 153.86. A further resistance level may holdings at 156.10. The Relative Strength Index (RSI) on the 14-day chart is 41.52, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.36, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 76.26%. Stochastics %K at 35.81% indicates the stock is a holding.

The most recent change occurred on June 01, 2023 when Deutsche Bank began covering the stock and recommended ‘”a Sell”‘ rating along with a $105 price target.

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