This Is What Whales Are Betting On Lennar
Portfolio Pulse from Benzinga Insights
A significant investor has taken a bearish stance on Lennar (NYSE:LEN), with 63% of the investors opening trades with bearish expectations. The whales have been targeting a price range from $115.0 to $150.0 for Lennar over the last 3 months. The price of LEN is up 0.82% at $129.33. Citigroup, BTIG, and Wedbush have maintained their ratings on Lennar, while JMP Securities downgraded its action to Market Outperform.
July 13, 2023 | 3:04 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Bearish stance taken by a significant investor on Lennar. Target price range is $115.0 to $150.0. Current price is up 0.82% at $129.33.
The bearish stance taken by a significant investor, along with the fact that 63% of the investors have opened trades with bearish expectations, could potentially lead to a decrease in the stock price of Lennar in the short term. However, the current price is up 0.82% at $129.33, which indicates a positive trend. The ratings maintained by Citigroup, BTIG, and Wedbush, and the downgrade by JMP Securities could also influence the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100