Shares of Lennar Corp. (NYSE:LEN) traded at a new 52-week high today of $56.49. This new high was reached on below average trading volume as 905,000 shares traded hands, while the average 30-day volume is approximately 3 million shares.
There is potential upside of 36.6% for shares of Lennar Corp. based on a current price of $55.55 and an average consensus analyst price target of $75.89. The stock should find initial support at its 50-day moving average (MA) of $50.70 and further support at its 200-day MA of $48.84.
Lennar Corporation constructs and sells single-family attached and detached homes, as well as buys and sells residential land. The Company also provides mortgage financing, title insurance, commercial real estate, investment management, and other financial services.
Lennar Corp. share prices have moved between a 52-week high of $56.49 and a 52-week low of $37.29 and are now trading 49% above that low price at $55.55 per share. Over the past week, the 200-day moving average (MA) has gone up 0.6% while the 50-day MA has advanced 1.3%.
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