Shares of Lennar Corporation Class A (NYSE:LEN) traded today at $95.72, eclipsing its 52-week high. So far today approximately 973,000 shares have been exchanged, as compared to an average 30-day volume of 2.7 million shares.
In the past 52 weeks, Lennar Corporation Class A share prices are bracketed by a low of $25.42 and a high of $95.72 and is now at $93.59, 268% above that low price.
After merging with CalAtlantic in February 2018, Lennar has become the largest homebuilder (by revenue) in the United States. The company’s homebuilding operations target first-time, move-up, and active adult homebuyers mainly under the Lennar brand name. Lennar’s financial-services segment provides mortgage financing and related services to its homebuyers. Miami-based Lennar is also involved in multifamily construction.
Based on a current price of $93.59, Lennar Corporation Class A is currently 2.6% above its average consensus analyst price target of $91.18.
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