Lennar Corporation Class A (LEN) Dips 11.58% for March 18

Equities Staff  |

Among the S&P 500’s biggest fallers on Wednesday March 18 was Lennar Corporation Class A (LEN). The stock experienced a 11.58% decline to $30.92 with 8.61 million shares changing hands.

Lennar Corporation Class A started at an opening price of 32.21 and hit a high of $32.38 and a low of $25.42. Ultimately, the stock took a hit and finished the day at $4.05 per share. Lennar Corporation Class A trades an average of n/a shares a day out of a total 312.58 million shares outstanding. The current moving averages are a 50-day SMA of $n/a and a 200-day SMA of $n/a. Lennar Corporation Class A hit a high of $71.38 and a low of $31.77 over the last year.

After merging with CalAtlantic in February 2018, Lennar has become the largest homebuilder (by revenue) in the United States. The company's homebuilding operations target first-time, move-up, and active adult homebuyers mainly under the Lennar brand name. Lennar's financial-services segment provides mortgage financing and related services to its homebuyers. Miami-based Lennar is also involved in multifamily construction.

With its headquarters located in Miami, FL, Lennar Corporation Class A employs 10,106 people. After today’s trading, the company’s market cap has fallen to $9.66 billion, a P/S of n/a, a P/B of 0.61, and a P/FCF of n/a.

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For all the attention paid to the Dow Jones Industrial Average (DJIA), it’s the S&P 500 that’s relied on by insiders and institutional investors. It represents the industry standard for American large-cap indices.

The Dow is made up of just 30 stocks to the S&P 500’s 500, and it uses an unreliable and outdated price-weighting system where the S&P 500 relies on market cap in weighting its returns. This is why its long-term returns is a much more reliable gauge for the performance of large- and mega-cap stocks over time.

To get more information on Lennar Corporation Class A and to follow the company’s latest updates, you can visit the company’s profile page here: LEN’s Profile. For more news on the financial markets and emerging growth companies, be sure to visit Equities.com’s Newsdesk. Also, don’t forget to sign-up for our daily email newsletter to ensure you don’t miss out on any of our best stories.

All data provided by QuoteMedia and was accurate as of 4:30PM ET.

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