Lennar Unusual Options Activity For October 23
Portfolio Pulse from Benzinga Insights
A significant bearish stance has been taken on Lennar (NYSE:LEN) with 66% of the investors opening trades with bearish expectations. The whales have been targeting a price range from $110.0 to $135.0 for Lennar over the last 3 months. The price of LEN is down -1.72% at $102.01. Wells Fargo downgraded its action to Overweight with a price target of $123 and Barclays maintained their Overweight rating on Lennar with a price target of $132.
October 23, 2023 | 3:45 pm
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NEGATIVE IMPACT
Lennar has seen a significant bearish stance with 66% of trades being bearish. The stock is currently down -1.72% at $102.01.
The bearish stance taken by a majority of investors, coupled with the current downward trend in the stock's price, suggests a negative short-term impact on Lennar's stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100