Lennar Corp.’s recent filing unveils that its Officer Jeffrey J. McCall acquired Company’s shares for reported $1.81 million on Aug 23 ’24. In the deal valued at $180.97 per share,10,000 shares were bought.
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Then, SUSTANA MARK sold 9,176 shares, generating $1,512,939 in total proceeds. Upon selling the shares at $164.88, the VP/General Counsel/Secretary now owns 16,768 shares.
Before that, McCall Jeffrey Joseph sold 10,000 shares. Lennar Corp. shares valued at $1,701,100 were divested by the Executive Vice President at a price of $170.11 per share. As a result of the transaction, McCall Jeffrey Joseph now holds 118,629 shares, worth roughly $22.46 million.
Seaport Research Partners downgraded its Lennar Corp. [LEN] rating to a Neutral from a a Buy in a research note published recently. A number of analysts have revised their coverage, including Goldman’s analysts, who decreased its forecast for the stock in late July from “a Buy” to “a Neutral”. Wedbush also remained covering LEN and has increased its forecast on July 09, 2024 with a “Neutral” recommendation from previously “an Underperform” rating. Raymond James revised its rating on July 02, 2024. It rated LEN as “a Mkt perform” which previously was an “an Outperform”.
Price Performance Review of LEN
On Tuesday, Lennar Corp. [NYSE:LEN] saw its stock jump 1.15% to $189.36. Over the last five days, the stock has gained 5.07%. Lennar Corp. shares have risen nearly 27.05% since the year began. Nevertheless, the stocks have risen 65.01% over the past one year. While a 52-week high of $188.19 was reached on 09/17/24, a 52-week low of $102.90 was recorded on 07/05/24. SMA at 50 days reached $173.70, while 200 days put it at $158.87.
Levels Of Support And Resistance For LEN Stock
The 24-hour chart illustrates a support level at 187.49, which if violated will result in even more drops to 185.61. On the upside, there is a resistance level at 190.33. A further resistance level may holdings at 191.31. The Relative Strength Index (RSI) on the 14-day chart is 69.77, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 6.05, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 0.45%. Stochastics %K at 95.88% 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 2024-08-30, dropping by -0.65 million shares to a total of 5.18 million shares. Yahoo Finance data shows the prior-month short interest on 2024-07-31 was 5.83 million shares. There was a decline of -12.59%, which implies that there is a negative sentiment for the stock.
