Lennar Unusual Options Activity
Portfolio Pulse from Benzinga Insights
A significant bearish stance has been taken on Lennar (NYSE:LEN) as indicated by unusual options activity. The sentiment among big-money traders is split between 38% bullish and 61% bearish. Whales have been targeting a price range from $110.0 to $125.0 for Lennar over the last 3 months. The price of LEN is currently down -0.89% at $116.0. Analysts have mixed opinions with Citigroup and JMP Securities maintaining their Buy and Market Outperform ratings respectively, while Wedbush downgraded its action to Neutral and RBC Capital maintained their Underperform rating.
September 19, 2023 | 3:15 pm
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Unusual options activity indicates a bearish stance on Lennar. The sentiment among big-money traders is 61% bearish. Analysts have mixed opinions on the stock.
The unusual options activity, with a majority being bearish, indicates that there might be a negative sentiment towards Lennar. This could potentially lead to a decrease in the stock price in the short term. The mixed analyst ratings further add to the uncertainty around the stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100