Lennar Corp. Cl A Stock Outperforms Competitors On Strong Trading Day

Lennar Corp

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LEN 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 Outperforms Competitors On Strong Trading Day

5:06 pm ET February 1, 2023 (MarketWatch) Print

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

Shares of Lennar Corp. Cl A (LEN) advanced 2.24% to $104.69 Wednesday, on what proved to be an all-around favorable trading session for the stock market, with the S&P 500 Index rising 1.05% to 4,119.21 and the Dow Jones Industrial Average rising 0.02% to 34,092.96. This was the stock's second consecutive day of gains. Lennar Corp. Cl A hit a new 52-week high, surpassing its previous peak of $102.63, which the company reached on January 31st.

The stock outperformed some of its competitors Wednesday, as D.R. Horton Inc. (DHI) rose 1.23% to $99.90. Trading volume (2.8 M) eclipsed its 50-day average volume of 2.1 M.

Data source: Dow Jones Market Data, FactSet. Data compiled February 1, 2023.

(END) Dow Jones Newswires

February 01, 2023 17:06 ET (22:06 GMT)