In a filing, Lennar Corp. revealed 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 $21.5 million.
Wells Fargo downgraded its Lennar Corp. [LEN] rating to an Equal weight from a an Overweight in a research note published on October 07, 2024; the price target was decreased to $190 from $205. A number of analysts have revised their coverage, including Seaport Research Partners’s analysts, who decreased its forecast for the stock in early August from “a Buy” to “a Neutral”. Goldman also remained covering LEN and has decreased its forecast on July 22, 2024 with a “Neutral” recommendation from previously “Buy” rating. Wedbush revised its rating on July 09, 2024. It rated LEN as “a Neutral” which previously was an “an Underperform”.
Price Performance Review of LEN
On Tuesday, Lennar Corp. [NYSE:LEN] saw its stock fall -0.42% to $181.21. Over the last five days, the stock has lost -3.77%. Lennar Corp. shares have risen nearly 21.58% since the year began. Nevertheless, the stocks have risen 65.91% over the past one year. While a 52-week high of $193.80 was reached on 09/19/24, a 52-week low of $102.90 was recorded on 07/05/24. SMA at 50 days reached $179.70, while 200 days put it at $162.24.
Levels Of Support And Resistance For LEN Stock
The 24-hour chart illustrates a support level at 180.09, which if violated will result in even more drops to 178.96. On the upside, there is a resistance level at 183.01. A further resistance level may holdings at 184.81. The Relative Strength Index (RSI) on the 14-day chart is 46.76, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -3.32, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 82.13%. Stochastics %K at 19.75% indicates the stock is a buying.
How much short interest is there in Lennar Corp.?
A steep rise in short interest was recorded in Lennar Corp. stocks on 2024-09-13, growing by 0.12 million shares to a total of 5.26 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-15 was 5.14 million shares. There was a rise of 2.26%, which implies that there is a positive sentiment for the stock.
