Lennar Corporation (NYSE:LEN) has tumbled 1.53% during the past week, however, the bigger picture is still very bullish; the stocks have advanced and posted positive gains of 4.27% in the last four weeks. The stocks have underperformed the S&P 500 by 0.35% during the past week but Lennar Corporation (NYSE:LEN) it has outperformed the index in 4 weeks by 3.31%.
Lennar Corporation (NYSE:LEN): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $45.69 and $45.45 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $46.29. The buying momentum continued till the end and the stock did not give up its gains. It closed at $46.20, notching a gain of 1.23% for the day. The total traded volume was 3,423,711 . The stock had closed at $45.64 on the previous day.
The company shares have dropped -5.02% from its 1 Year high price. On Aug 19, 2015, the shares registered one year high at $56.04 and the one year low was seen on Feb 11, 2016. The 50-Day Moving Average price is $45.19 and the 200 Day Moving Average price is recorded at $45.34.
On the companys insider trading activities, Hudson Sherrill W, director of Lennar Corp /New/, unloaded 2,500 shares at an average price of $47.54 on April 7, 2016. The total amount of the transaction was worth $118,850, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.
Many analysts have stated their opinion on the company shares. Equity analysts at the Brokerage firm Barclays maintains its rating on Lennar Corporation (NYSE:LEN). The rating major has initiated the coverage with overweight rating on the shares. The Analysts at Barclays raises the price target from $56 per share to $58 per share. The rating by the firm was issued on April 7, 2016. Currently the company Insiders own 12.18% of Lennar Corporation shares according to the proxy statements. Institutional Investors own 89.43% of Lennar Corporation shares.
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.