Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Lennar Corp. shares valued at $247,275 were purchased by Banse Amy on Apr 10 ’24. At $157.00 per share, Banse Amy acquired 1,575 shares. The insider’s holdings grew to 11,859 shares worth approximately $1.88 million following the completion of this transaction.
Also, BESSETTE DIANE J sold 10,000 shares, netting a total of over 1,477,300 in proceeds. Following the sale of shares at $147.73 each, the insider now holds 260,556 shares.
Before that, SUSTANA MARK had sold 37,304 shares from its account. In a trade valued at $5,460,560, the VP/General Counsel/Secretary traded Lennar Corp. shares for $146.38 each. Upon closing the transaction, the insider’s holdings decreased to 37,304 shares, worth approximately $2.96 million.
As published in a research note from Wedbush on April 02, 2024, Lennar Corp. [LEN] has been rated down from a Neutral to an Underperform and the price target has been revised to $144. Analysts at Jefferies started covering the stock with ‘”a Hold”‘ outlook in a report released in late November. As of October 17, 2023, Wells Fargo has initiated its “an Overweight” rating for LEN. Earlier on July 14, 2023, Raymond James upgraded its rating. Their new recommendation was “an Outperform” for LEN stock which previously was a “a Mkt perform”.
Analyzing LEN Stock Performance
During the last five days, there has been a surge of approximately 3.94%. Over the course of the year, Lennar Corp. shares have jumped approximately 6.33%. Shares of the company reached a 52-week high of $172.59 on 03/28/24 and a 52-week low of $143.73 on 01/03/24. A 50-day SMA is recorded $159.81, while a 200-day SMA reached $137.29. Nevertheless, trading volume fell to 1.36 million shares from 1.32 million shares the previous day.
Support And Resistance Levels for Lennar Corp. (LEN)
According to the 24-hour chart, there is a support level at 157.54, which, if violated, would cause prices to drop to 156.62. In the upper region, resistance lies at 160.00. The next price resistance is at 161.54. RSI (Relative Strength Index) is 51.97 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 5.05, which suggests the price will increase in the coming days. Percent R is at 32.48%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
