Spotlight on Lennar: Analyzing the Surge in Options Activity
Portfolio Pulse from Benzinga Insights
Lennar (NYSE:LEN) has seen a surge in options activity with a mix of bullish and bearish trades. The stock is currently down by 2.05% at $152.23, and an analyst from Wedbush has downgraded it to Underperform with a price target of $144. The next earnings report is due in 6 days.
June 11, 2024 | 8:15 pm
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Lennar has experienced a significant increase in options activity, with a mix of bullish and bearish trades. The stock is currently down by 2.05% at $152.23. An analyst from Wedbush has downgraded the stock to Underperform with a price target of $144. The next earnings report is due in 6 days.
The mixed sentiment in options trading, combined with a recent downgrade from Wedbush and a decline in stock price, suggests a bearish short-term outlook. The upcoming earnings report adds uncertainty.
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IMPORTANCE 80
RELEVANCE 100