The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Lennar Corp shares valued at $3,064,775 were sold by SONNENFELD JEFFREY on Oct 28 ’24. At $175.13 per share, SONNENFELD JEFFREY sold 17,500 shares. The insider’s holdings dropped to 23,689 shares worth approximately $3.2 million following the completion of this transaction.
Also, JEFFREY SONNENFELD purchased 17,500 shares, netting a total of over 3,064,784 in proceeds.
Before that, Jeffrey J. McCall had added 10,000 shares to its account. In a trade valued at $1,809,700, the Officer bought Lennar Corp shares for $180.97 each.
As published in a research note from RBC Capital Mkts on January 10, 2025, Lennar Corp [LEN] has been rated up from an Underperform to a Sector perform and the price target has been revised to $130. Analysts at Wolfe Research downgraded the stock from ‘”an Outperform”‘ to ‘”a Peer perform”‘ outlook in a report released in early January. As of December 20, 2024, BTIG Research has decreased its “Buy” rating to a “Neutral” for LEN. Earlier on December 11, 2024, Barclays downgraded its rating. Their new recommendation was “an Equal weight” for LEN stock which previously was a “an Overweight”.
Analyzing LEN Stock Performance
During the last five days, there has been a surge of approximately 0.56%. Over the course of the year, Lennar Corp shares have jumped approximately 3.22%. Shares of the company reached a 52-week high of $143.76 on 01/17/25 and a 52-week low of $128.41 on 01/13/25. A 50-day SMA is recorded $149.34, while a 200-day SMA reached $163.27. Nevertheless, trading volume fell to 3.26 million shares from 3.05 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 132.55, which, if violated, would cause prices to drop to 129.85. In the upper region, resistance lies at 137.40. The next price resistance is at 139.55. RSI (Relative Strength Index) is 48.46 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.82, which suggests the price will decrease in the coming days. Percent R is at 55.37%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
