Published on 19 Oct 2022 on Zacks via Yahoo Finance
Lennar (LEN) is one of the stocks most watched by Zacks.com visitors lately. So, it might be a good idea to review some of the factors that might affect the near-term performance of the stock.
Shares of this homebuilder have returned 0% over the past month versus the Zacks S&P 500 composite's -3.8% change. The Zacks Building Products - Home Builders industry, to which Lennar belongs, has gained 1.3% over this period. Now the key question is: Where could the stock be headed in the near term?
Although media reports or rumors about a significant change in a company's business prospects usually cause its stock to trend and lead to an immediate price change, there are always certain fundamental factors that ultimately drive the buy-and-hold decision.