Lennar Corp. (LEN) was a big mover last session with its shares rising over 6% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This breaks the recent trend of the company, as the stock is now trading above the past one month’s volatile price range of $34.21 to $36.05.
This construction and real estate company has seen one positive estimate revision in the last 30 days. The Zacks Consensus Estimate has also moved higher over the same period, implying more solid trading ahead for the company. So make sure to keep an eye on this stock going forward to see if yesterday’s rally can turn into more strength down the road.
Lennar Corp. currently has a Zacks Rank #3 (Hold) while its Earnings ESP is positive.
Better-ranked stocks in the same sector include M/I Homes Inc. (MHO), MRV Engenharia e Participa (MRVNY) and Meritage Homes Corp. (MTH). All these stocks carry a Zacks Rank #2 (Buy).
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