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Homebuilding Stock Hits a Wall After Q3 Revenue Miss
Schaeffers Investment Research· 2025-09-19 14:59
Core Points - Lennar Corp's shares have decreased by 2.5%, trading at $126.29, following a miss on third-quarter revenue expectations and a disappointing fourth-quarter forecast for home orders [1] - The company is facing challenges due to job market instability and inflated prices [1] Stock Performance - If the stock continues to decline, it will mark its seventh loss in the last nine sessions, currently trading at its lowest level since mid-August [2] - The stock has pulled away from its year-to-date peak of $144.24 on September 5, and currently has a 32.4% year-over-year deficit [2] - Analysts are predominantly bearish, with only four out of 19 brokerages recommending a "strong buy" while the rest suggest a "hold" [2] Options Activity - There has been significant options activity with 23,000 calls and 22,000 puts exchanged, which is 10 times the typical amount [3] - The most popular contract is the September 130 put, indicating new positions are being opened [3]