Lennar Corp’s filing revealed 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 $3.15 million.
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.
BTIG Research 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 Barclays’s analysts, who decreased its forecast for the stock in mid December from “an Overweight” to “an Equal weight”. Wells Fargo also remained covering LEN and has decreased its forecast on October 07, 2024 with a “an Equal weight” recommendation from previously “an Overweight” rating. Seaport Research Partners revised its rating on August 05, 2024. It rated LEN as “a Neutral” which previously was an “a Buy”.
Price Performance Review of LEN
On Tuesday, Lennar Corp [NYSE:LEN] saw its stock fall -1.42% to $133.14. Over the last five days, the stock has lost -2.25%. Lennar Corp shares have fallen nearly -2.37% since the year began. Nevertheless, the stocks have fallen -8.98% over the past one year. While a 52-week high of $193.80 was reached on 01/02/25, a 52-week low of $133.72 was recorded on 01/07/25. SMA at 50 days reached $160.10, while 200 days put it at $165.49.
Levels Of Support And Resistance For LEN Stock
The 24-hour chart illustrates a support level at 131.92, which if violated will result in even more drops to 130.70. On the upside, there is a resistance level at 135.27. A further resistance level may holdings at 137.40. The Relative Strength Index (RSI) on the 14-day chart is 20.26, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -3.64, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 98.50%. Stochastics %K at 5.56% 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 2024-11-29, dropping by -0.43 million shares to a total of 5.83 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-31 was 6.27 million shares. There was a decline of -7.45%, which implies that there is a negative sentiment for the stock.
