Lennar Stock Falls on Earnings Miss, Forecast

Core Viewpoint - Lennar Corp's stock is experiencing a significant decline following mixed fiscal fourth-quarter results, with earnings missing analyst expectations while revenue exceeded them [1] Financial Performance - The company reported earnings of $2.03 per share, falling short of the analyst estimate of $2.30 [1] - Revenue for the quarter was $9.37 billion, surpassing expectations of $9.17 billion [1] Market Reaction - The stock is down 4.3% to $112.51, and year-to-date, it has decreased by 13.3% [1][2] - Emerging support at the $112 level is helping to limit further losses, similar to a previous instance in mid-November [2] Technical Indicators - The shares are currently below all key daily moving averages ranging from the 10-day to the 320-day trendlines [2] - The 14-day relative strength index (RSI) is at 23.5, indicating the stock is in "oversold" territory, suggesting a potential short-term bounce [3] - Short interest has increased by 75.3% in the last two weeks, now representing 16.8% of the stock's available float [3]