Lennar Corp. Cl A Stock Underperforms Wednesday When Compared To Competitors

Lennar Corp

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Consumer Discretionary : Household Durables | Mid Cap Blend

Company profile

Lennar Corporation (Lennar) is a homebuilder and an originator of residential and commercial mortgage loans. The Company is also a provider of title insurance and closing services, and a developer of multifamily rental properties. The Company's segments include Homebuilding East, Homebuilding Central, Homebuilding Texas, Homebuilding West, Financial Services, Multifamily and Lennar others. Its Homebuilding segments primarily include the construction and sale of single-family attached and detached homes, as well as the purchase, development and sale of residential land directly and through its unconsolidated entities. Its Financial Services segment primarily provides mortgage financing, title and closing services primarily for buyers of its homes, as well as property and casualty insurance. Its Multifamily segment is involved in the development, construction and property management of multifamily rental properties. Its Lennar Other segment includes fund investments.

Lennar Corp. Cl A Stock Underperforms Wednesday When Compared To Competitors

5:06 pm ET January 18, 2023 (MarketWatch) Print

This article was automatically generated by MarketWatch using technology from Automated Insights.

Shares of Lennar Corp. Cl A (LEN) slipped 1.24% to $97.56 Wednesday, on what proved to be an all-around poor trading session for the stock market, with the S&P 500 Index falling 1.56% to 3,928.86 and Dow Jones Industrial Average falling 1.81% to 33,296.96. This was the stock's third consecutive day of losses. Lennar Corp. Cl A closed $3.29 below its 52-week high ($100.85), which the company achieved on January 19th.

The stock underperformed when compared to some of its competitors Wednesday, as D.R. Horton Inc. (DHI) fell 0.68% to $94.71. Trading volume (2.9 M) eclipsed its 50-day average volume of 2.2 M.

Data source: Dow Jones Market Data, FactSet. Data compiled Janurary 18, 2023.

(END) Dow Jones Newswires

January 18, 2023 17:06 ET (22:06 GMT)