user warning: Table './fnndrupaldev/term_node' is marked as crashed and last (automatic?) repair failed query: SELECT t.* FROM term_node r INNER JOIN term_data t ON r.tid = t.tid INNER JOIN vocabulary v ON t.vid = v.vid WHERE r.vid = 514738 ORDER BY v.weight, t.weight, t.name in /var/www/www.fnno.com/htdocs/modules/taxonomy/taxonomy.module on line 617.

Stock Investors Sell Off Shares of Lennar, Down 4.1%

Published on Mon, 06/10/2013 - 10:21
By Peter Chu

Lennar (NYSE:LEN), a company whose shares are moving quickly, is trading 4.1% lower to $37.00. The S&P is currently trading fractionally higher to 1,645 and the Dow Jones Industrial Average is trading fractionally higher to 15,261.

Lennar (NYSE:LEN) has potential upside of 18.3% based on a current price of $37.00 and analysts' consensus price target of $43.77. The stock should run into initial resistance at its 200-day moving average (MA) of $38.81 and subsequent resistance at its 50-day MA of $40.78.

Lennar Corporation constructs and sells single-family attached and detached homes, and to a lesser extent multi-level buildings as well as as buys and sells residential land. The Company also provides mortgage financing, title insurance, closing services and other ancillary services (including personal lines insurance, high-speed Internet and cable television).

In the past 52 weeks, shares of Lennar have traded between a low of $24.38 and a high of $44.40 and are now at $37.00, which is 52% above that low price. Over the last five market days, the 200-day moving average (MA) has gone up 0.4% while the 50-day MA has declined 0.9%.

By Peter Chu
pchu@fnno.com

Latest News from FNNO

BioDelivery Sciences Shares Sinking Lowe...

BioDelivery Sciences (NASDAQ:BDSI), a company whose shares are moving quickly, is tradi ...

Bullish Moving Average Cross by PG&E (PC...

PG&E (NYSE:PCG) crossed over its 10-day moving average of $45.19 on a volume of 1.2 mil ...

AVX Shares Sinking Lower, Down 2.1%...

AVX (NYSE:AVX) is a company whose shares are active, trading 2.1% lower to $13.00. The ...

American Electric Power Crosses Above it...

American Electric Power (NYSE:AEP) shares have crossed bullishly above their 10-day mov ...

Quality Distribution Shares Sinking Lowe...

Quality Distribution (NASDAQ:QLTY) is a company whose shares are active, trading 2.1% l ...

Northrop Grumman Bearish Moving Average ...

Northrop Grumman (NYSE:NOC) shares have crossed bearishly below their 10-day moving ave ...

Tesla Motors Inc Shares Sinking Lower, D...

Tesla Motors Inc (NASDAQ:TSLA) is one of today's biggest movers, down 2.1% to $237.54. ...

Pioneer Natural Resources Bullish Moving...

Today, shares of Pioneer Natural Resources (NYSE:PXD) have crossed bullishly above thei ...