Lennar Corporation (LEN) Shares are Down -0.53%

Lennar Corporation (LEN) : During the past 4 weeks, traders have been relatively bearish on Lennar Corporation (LEN), hence the stock is down -4.86% when compared to the S&P 500 during the same period. However, in the past 1 week, the selling of the stock is down by -0.5% relative to the S&P 500. The 4-week change in the price of the stock is -4.5% and the stock has fallen -0.53% in the past 1 week.

Lennar Corporation is up 5.03% in the last 3-month period. Year-to-Date the stock performance stands at -4.67%. The stock has recorded a 20-day Moving Average of 1.43% and the 50-Day Moving Average is 1.18%.


Lennar Corporation (NYSE:LEN): The stock opened at $46.65 on Friday but the bulls could not build on the opening and the stock topped out at $46.80 for the day. The stock traded down to $46.41 during the day, due to lack of any buying support eventually closed down at $46.50 with a loss of -0.81% for the day. The stock had closed at $46.88 on the previous day. The total traded volume was 1,706,784 shares.

Also, Argus Research initiates coverage on Lennar Corporation (NYSE:LEN). The shares have now been rated Buy by the stock experts at the ratings house. Argus Research announces the current price target of $59 per share on Lennar Corporation. The rating by the firm was issued on July 5, 2016.

Lennar Corporation is a real estate company. The Company is a homebuilder, a provider of real estate-related financial services, a commercial real estate investment, investment management and finance company. It operates under Homebuilding Operations, Lennar Financial Services, Rialto and Lennar Multifamily segments. It has grouped its homebuilding activities into five segments: Homebuilding East, Homebuilding Central, Homebuilding West, Homebuilding Southeast Florida and Homebuilding Houston. Its homebuilding operations include the construction and sale of single-family attached and detached homes. Lennar Financial Services offers residential mortgage loan products to buyers of their homes and others. The Rialto segment is a commercial real estate investment, investment management and finance company. The Lennar Multifamily segment focuses on developing a portfolio of multifamily rental properties in select United States markets. It operates under brand name Lennar.

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