Lennar Corp’s recent filing unveils that its Director SONNENFELD JEFFREY unloaded Company’s shares for reported $3.06 million on Oct 28 ’24. In the deal valued at $175.13 per share,17,500 shares were sold. As a result of this transaction, SONNENFELD JEFFREY now holds 23,689 shares worth roughly $4.2 million.
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Then, JEFFREY SONNENFELD bought 17,500 shares, generating $3,064,784 in total proceeds.
Before that, Jeffrey J. McCall bought 10,000 shares. Lennar Corp shares valued at $1,809,700 were divested by the Officer at a price of $180.97 per share.
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 jump 2.69% to $177.28. Over the last five days, the stock has gained 4.22%. Lennar Corp shares have risen nearly 18.95% since the year began. Nevertheless, the stocks have risen 47.96% over the past one year. While a 52-week high of $193.80 was reached on 09/19/24, a 52-week low of $116.62 was recorded on 07/05/24. SMA at 50 days reached $181.01, while 200 days put it at $165.02.
Levels Of Support And Resistance For LEN Stock
The 24-hour chart illustrates a support level at 172.88, which if violated will result in even more drops to 168.47. On the upside, there is a resistance level at 179.53. A further resistance level may holdings at 181.77. The Relative Strength Index (RSI) on the 14-day chart is 49.85, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -2.23, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 42.61%. Stochastics %K at 43.30% indicates the stock is a holding.
How much short interest is there in Lennar Corp?
A steep rise in short interest was recorded in Lennar Corp stocks on 2024-10-15, dropping by -0.22 million shares to a total of 5.04 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 5.26 million shares. There was a decline of -4.39%, which implies that there is a negative sentiment for the stock.
