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Stock impact report

Will Lennar Stock Extend Its Grim Post-Earnings Streak? [Yahoo! Finance]

Lennar Corporation Class A (LEN) 
Last lennar corporation class a earnings: 3/19 06:00 am Check Earnings Report
US:NYSE Investor Relations: investors.lennar.com
Company Research Source: Yahoo! Finance
One of the final names on the earnings docket this season is homebuilding giant Lennar Corp (NYSE:LEN) , last seen down 3.1% to trade at $93.55, earlier tapping a three-year low of $93.22. Slated to share its fiscal first-quarter report after the close today, analysts expect earnings to come in at 95 cents per share on revenue of $6.82 billion. Following each of its last eight reports, Lennar stock has finished lower , dropping 4% or more each time. The options market is pricing in 6.8% move for Friday's trading, much larger than the average 5% drop over the last two years. Lennar stock has carved a channel of lower lows since a Sept. 5 12-month high of $144.23. Now off 20% year-over-year, LEN is headed for a ninth-straight drop and a fourth-straight weekly loss. Amidst this slide, the shares' 14-Day Relative Strength Index (RSI) sits deep in "oversold" territory at 22. LEN Stock Chart Options traders still lean bullish, per LEN's 50-day call/put volume ratio of 2.85 at the I Show less Read more
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