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Lennar Corporation (LEN)

NYSE - Nasdaq Real-time price. Currency in USD
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72.67+0.27 (+0.37%)
At close: 04:00PM EDT
73.25 +0.58 (+0.80%)
After hours: 07:55PM EDT
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  • M
    Mike
    10 year bond is yawning after this 1/2 pt hike. Housing situation is calming down after peak bad news. Regardless, intelligent companies building homes can adjust where needed, building new homes for anyone at a Profit. Perhaps no basement, only 3BRs or townhomes - they will build what the market can bear & continue to earn $$$ - This isn't 1999 or 2008, it's 2022 & there's a very real housing shortage.
  • M
    Mike
    Good opportunity to cash out on winning short positions this morning, 52 week low & everything.
    Too bad it was just another quick round of over hyped interest rate fears.. meanwhile, 10 yr bond still anchored..
  • n
    nfl
    $38 price target. Why it was up today is mind boggling. Rising rates on mortages will bring LEN back to reality.
  • J
    Justin
    Been shorting as well. Ever since rates were rising, the RE market has slid down every month. This is a company getting it's Karma whammy for stiffing the RE agents with no commissions and shafting the Ryland employees after they took over Ryland Homes.
  • L
    Lucas
    Glad the market is closed...Fed banker just said 75 basis point increase in NOT off the table ... LEN could have dropped another 10 just on that comment.
  • M
    Mike
    Bad news ongoingly acting as good news to keep rates & Fed in check...Great for homebuilders who have yet to come anywhere near over building homes due to supply chain constraints. They're gonna be very busy these next few years!
  • M
    Mike
    More home builders like BZH opting to buy back shares at these fire sale prices. Clearly, they're optimistic about their own businesses moving forward >>>
  • J
    Justin
    Come on man. This is way overvalued. This will be another Opendoor stock with lots of inventory and no buyers. But Opendoor charges a 5% service fee plus repair fees. Homebuilders will have to reduce prices with fire sales and offer more closing cost incentives as interest rates keep rising. Not a good time to buy these overpriced homes at 6%. Summertime we'll see 7%. It's going to get ugly Brandon Boys !
  • w
    wildturkey
    Another rally since the fed rate increases might not be as rapid.... considering the news today
  • J
    Justin
    Love seeing this stock sink lower. Payback ! Real estate agents are laughing at this CEO. Homebuyers are being directed to resales since agents are getting paid commissions. That's what happens when you stiff RE agents ! Bye -bye Lennar !
  • L
    Lucas
    Sell the rip kids! When its green, its a selling apportunity! Rates will crush housing, builders, and construction retailers...Fed will only lower rates when inflation is not super heated and the market has crashed. Dont fight the Fed!
  • K
    Kevin
    LEN NAIL DHI are good until winter time starts as usual!
  • M
    Mike
    Lookin like a scary time to be shorting this - Bad news peak recently & this is slowly rising
  • l
    linda
    My average is $85 which is not bad :)
  • K
    Kevin
    Are we heading back to $90 shortly guys!
  • L
    Lucas
    DOW and Lennar holding up well, considering WWIII about to start. I predict a very radioactive summer for Europe and Western Ukraine. Or brilliant leaders in washington just approves a bill that nearl garantees it.
  • K
    Kevin
    LEN NAIL DHI FB UPST are back to haunt the newly shorts....
  • s
    steve r
    Super easy Put day. This and XHB. Can't hold any upward movement.
  • L
    Lucas
    No volume melt up, short covering?
  • L
    Lucas
    This is going to tank hard the next few months,,,

    "Construction spending disappointed, coming in 0.4% below expectation. It was up 0.5%. The expectation was a 0.9% increase. This reflects an increase in the dollars spent on construction, not an increase in construction per see. Peter said he thinks construction is slowing down due to rapidly rising costs."