Lennar (NYSE:LEN) 株価情報

Lennar

Lennar is one of the largest public homebuilders 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 and single-family for rent construction and has invested in numerous housing-related technology startups.

Lennar Corp

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Shares of homebuilder stocks are trading lower after Toll Brothers reported worse-than-expected Q1 financial results.

Wells Fargo analyst Sam Reid maintains Lennar (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LEN#NYSE">LEN</a>) with a Equal-Weight and lowers the price target from $145 to $130.

News

Price Target

Analyst Ratings

Wells Fargo Maintains Equal-Weight on Lennar, Lowers Price Target to $130

Keefe, Bruyette &amp; Woods analyst Jade Rahmani maintains Lennar (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LEN#NYSE">LEN</a>) with a Outperform and lowers the price target from $170 to $152.

Keefe, Bruyette & Woods Maintains Outperform on Lennar, Lowers Price Target to $152

BLDR

Shares of homebuilders, construction and household durables stocks are trading lower. The sector has been under pressure amid tariff uncertainty.

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Market Index Target Term Securities Linked To The Dow Jones Industrial Average

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Shares of companies within the broader consumer discretionary sector are trading lower possibly due to worse-than-expected Michigan consumer sentiment for February. The sector may be weighed down following weak guidance from e.l.f Beauty and Amazon.

RBC Capital analyst Mike Dahl maintains Lennar (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LEN#NYSE">LEN</a>) with a Sector Perform and lowers the price target from $130 to $125.

RBC Capital Maintains Sector Perform on Lennar, Lowers Price Target to $125

S&amp;P 500 constituent Lennar Corp is spinning off Millrose Properties in a transaction expected to be completed on Friday, February 7.&nbsp;
Following the spin-off, Lennar will remain in the S&amp;P 500, and Millrose Properties, which is more representative of the small cap market space, will be added to the S&amp;P SmallCap 600. Ironwood Pharmaceuticals is no longer representative of the small-cap market space.

IRWD

MRPw

Millrose Properties To Replace Ironwood Pharmaceuticals In S&P SmallCap 600, Effective Prior To  Opening Of Trading On February 10

Shares of homebuilders and construction companies are trading lower as investors assess U.S. tariff concerns which may harm the industry.

Barclays analyst Matthew Bouley maintains Lennar (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LEN#NYSE">LEN</a>) with a Equal-Weight and lowers the price target from $135 to $121.

Barclays Maintains Equal-Weight on Lennar, Lowers Price Target to $121

Shares of housing-related stocks are trading higher following better-than-expected December new home sales.

B of A Securities analyst Rafe Jadrosich maintains Lennar (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LEN#NYSE">LEN</a>) with a Neutral and lowers the price target from $150 to $140.

B of A Securities Maintains Neutral on Lennar, Lowers Price Target to $140

<h3>Gainers</h3>
<ul>
<li>Envela (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/ELA#AMEX">ELA</a>) shares rose 17.7% to $8.39 during Tuesday's pre-market session. The company's market cap stands at $218.1 million. </li>
<li>Chijet Motor Co (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CJET#NASDAQ">CJET</a>) stock moved upwards by 14.52% to $2.01. The market value of their outstanding shares is at $14.1 million. </li>
<li>Premium Catering (Hldgs) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PC#NASDAQ">PC</a>) stock moved upwards by 11.21% to $0.8. The market value of their outstanding shares is at $12.8 million. </li>
<li>Twin Vee PowerCats (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VEEE#NASDAQ">VEEE</a>) stock moved upwards by 9.89% to $0.53. The market value of their outstanding shares is at $7.9 million. </li>
<li>Golden Heaven Group Hldgs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GDHG#NASDAQ">GDHG</a>) stock rose 8.26% to $2.49. The market value of their outstanding shares is at $9.7 million. </li>
<li>Zapp Electric Vehicles (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ZAPP#NASDAQ">ZAPP</a>) shares moved upwards by 8.03% to $1.21. The company's market cap stands at $5.0 million. </li>
</ul>
<h3>Losers</h3>
<ul>
<li>Canoo (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOEV#NASDAQ">GOEV</a>) stock declined by 73.4% to $0.36 during Tuesday's pre-market session. The company's market cap stands at $5.1 million. </li>
<li>New Oriental Education (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EDU#NYSE">EDU</a>) stock declined by 12.56% to $53.2. The market value of their outstanding shares is at $8.6 billion. The company's, Q2 earnings came out today. </li>
<li>AYRO (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AYRO#NASDAQ">AYRO</a>) stock fell 8.91% to $0.64. The company's market cap stands at $4.3 million. </li>
<li>Damon (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DMN#NASDAQ">DMN</a>) stock declined by 8.36% to $0.67. The market value of their outstanding shares is at $14.1 million. </li>
<li>Lennar (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LEN#NYSE">LEN</a>) shares fell 6.59% to $126.6. The market value of their outstanding shares is at $34.7 billion. </li>
<li>Allurion Technologies (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ALUR#NYSE">ALUR</a>) stock decreased by 6.49% to $2.74. The company's market cap stands at $9.7 million. 
See Also: <a href="http://www.benzinga.com/money/best-consumer-cyclical-stocks/" title="www.benzinga.com/money/best-consumer-cyclical-stocks/">www.benzinga.com/money/best-consumer-cyclical-stocks/</a></li>
</ul>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Movers

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12 Consumer Discretionary Stocks Moving In Tuesday's Pre-Market Session

Investors with a lot of money to spend have taken a bearish stance on Lennar (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LEN#NYSE">LEN</a>).
And retail traders should know.
We noticed this today when the trades showed up on publicly available options history that we track here at Benzinga.
Whether these are institutions or just wealthy individuals, we don't know. But when something this big happens with LEN, it often means somebody knows something is about to happen.
So how do we know what these investors just did? 
Today, <a href="https://pro.benzinga.com/?utm_source=insights">Benzinga</a>'s options scanner spotted 11 uncommon options trades for Lennar.
This isn't normal.
The overall sentiment of these big-money traders is split between 18% bullish and 45%, bearish.
Out of all of the special options we uncovered, 6 are puts, for a total amount of $343,071, and 5 are calls, for a total amount of $285,958.
<h3>Predicted Price Range</h3>
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $80.0 to $160.0 for Lennar over the recent three months. 
<h3>Volume &amp; Open Interest Trends</h3>
Looking at the volume and open interest is an insightful way to conduct due diligence on a stock.
This data can help you track the liquidity and interest for Lennar's options for a given strike price.
Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of Lennar's whale activity within a strike price range from $80.0 to $160.0 in the last 30 days. 
<h3>Lennar Option Activity Analysis: Last 30 Days</h3>
<img src="https://www.benzinga.com/files/images/story/2025/1736876725_0.png" alt="Options Call Chart" />
<h3>Largest Options Trades Observed:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>LEN</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>07/18/25</td>
<td>$9.4</td>
<td>$9.3</td>
<td>$9.4</td>
<td>$125.00</td>
<td>$126.8K</td>
<td>69</td>
<td>135</td>
</tr>
<tr>
<td>LEN</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>05/16/25</td>
<td>$5.2</td>
<td>$4.9</td>
<td>$5.0</td>
<td>$150.00</td>
<td>$122.5K</td>
<td>1.5K</td>
<td>356</td>
</tr>
<tr>
<td>LEN</td>
<td>PUT</td>
<td>SWEEP</td>
<td>NEUTRAL</td>
<td>05/16/25</td>
<td>$7.3</td>
<td>$7.1</td>
<td>$7.3</td>
<td>$125.00</td>
<td>$64.2K</td>
<td>1.5K</td>
<td>993</td>
</tr>
<tr>
<td>LEN</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>05/16/25</td>
<td>$2.75</td>
<td>$2.6</td>
<td>$2.75</td>
<td>$160.00</td>
<td>$55.0K</td>
<td>114</td>
<td>200</td>
</tr>
<tr>
<td>LEN</td>
<td>PUT</td>
<td>SWEEP</td>
<td>NEUTRAL</td>
<td>05/16/25</td>
<td>$7.4</td>
<td>$7.3</td>
<td>$7.3</td>
<td>$125.00</td>
<td>$51.1K</td>
<td>1.5K</td>
<td>1.3K</td>
</tr>
</tbody>
</table>

<h3>About Lennar</h3>
Lennar is one of the largest public homebuilders 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 and single-family for rent construction and has invested in numerous housing-related technology startups.
After a thorough review of the options trading surrounding Lennar, we move to examine the company in more detail. This includes an assessment of its current market status and performance.
<h3>Lennar's Current Market Status</h3>
<ul>
<li>Currently trading with a volume of 1,378,539, the LEN's price is up by 0.99%, now at $132.88. </li>
<li>RSI readings suggest the stock is currently may be oversold.</li>
<li>Anticipated earnings release is in 57 days.</li>
</ul>
<h3>Expert Opinions on Lennar</h3>
5 market experts have recently issued ratings for this stock, with a consensus target price of $153.0.
Unusual Options Activity Detected: Smart Money on the Move
Benzinga Edge's Unusual Options board spots potential market movers before they happen. See what positions big money is taking on your favorite stocks. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-checkout/?t=Be8be9arja3be22bz20&amp;utm_source=benzinga-insights">Click here for access</a>. 
&#x2A; An analyst from Citigroup persists with their Neutral rating on Lennar, maintaining a target price of $150. 
&#x2A; Consistent in their evaluation, an analyst from Wells Fargo keeps a Equal-Weight rating on Lennar with a target price of $145. 
&#x2A; Maintaining their stance, an analyst from Barclays continues to hold a Equal-Weight rating for Lennar, targeting a price of $135. 
&#x2A; An analyst from Wells Fargo persists with their Equal-Weight rating on Lennar, maintaining a target price of $165. 
&#x2A; Consistent in their evaluation, an analyst from Keefe, Bruyette &amp; Woods keeps a Outperform rating on Lennar with a target price of $170. 
Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest Lennar options trades with real-time alerts from <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a>.

Options

Markets

Market Whales and Their Recent Bets on LEN Options

Lennar expects to distribute to its stockholders one share of Millrose Class A or Class B common stock for each two shares of Lennar Class A or Class B common stock held of record at the close of business on January 21, 2025, as more fully described below. The distribution will take place prior to the opening of trading on February 7, 2025. Persons who acquire&nbsp;Lennar stock after the close of business on the record date will not receive Millrose shares in the spin-off. Lennar anticipates that "when-issued" trading in Millrose Class A common stock on the NYSE will begin on or about February 5, 2025 under the symbol "MRP WI" and Millrose Class A common stock will begin "regular-way" trading on the NYSE on February 7, 2025 under the symbol "MRP."

Reported Friday, Lennar Moves Forward With Millrose Spin-Off; Record Date Set For January 21, Distribution On February 7

RBC Capital analyst Mike Dahl upgrades Lennar (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LEN#NYSE">LEN</a>) from Underperform to Sector Perform and maintains the price target from $130 to $130.

Upgrades

RBC Capital Upgrades Lennar to Sector Perform, Maintains Price Target to $130

UBS analyst John Lovallo maintains Lennar (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LEN#NYSE">LEN</a>) with a Buy and lowers the price target from $205 to $192.

UBS Maintains Buy on Lennar, Lowers Price Target to $192

Citigroup analyst Anthony Pettinari maintains Lennar (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LEN#NYSE">LEN</a>) with a Neutral and lowers the price target from $196 to $150.

Citigroup Maintains Neutral on Lennar, Lowers Price Target to $150

U.S. stocks settled lower on Tuesday, with the Nasdaq Composite falling around 175 points during the session.
Although major indices settled lower on the final trading session of the year, but they recorded gains in 2024. The S&amp;P 500 surged 23.31% in 2024, after recording a gain of 24.2% during 2023. Meanwhile, the Dow jumped 12.88% last year, while the Nasdaq outperformed with a rally of 28.64%.
Wall Street analysts make new stock picks on a daily basis. Unfortunately for investors, not all analysts have particularly impressive track records at predicting market movements. Even when it comes to one single stock, analyst ratings and price targets can vary widely, leaving investors confused about which analyst&#8217;s opinion to trust.
Benzinga&#8217;s Analyst Ratings API is a collection of the highest-quality stock ratings curated by the Benzinga news desk via direct partnerships with major sell-side banks. Benzinga displays overnight ratings changes on a daily basis three hours prior to the U.S. equity market opening. Data specialists at investment dashboard provider Toggle.ai recently uncovered that the analyst insights Benzinga Pro subscribers and Benzinga readers regularly receive can successfully be used as trading indicators to outperform the stock market.
Top Analyst Picks: Fortunately, any Benzinga reader can access the latest analyst ratings on the <a href="https://www.benzinga.com/analyst-ratings/analyst-color/22/09/28888638/exclusive-study-finds-benzinga-analyst-ratings-data-yields-market-beating-strategie">Analyst Stock Ratings</a> page. One of the ways traders can sort through Benzinga&#8217;s extensive database of analyst ratings is by analyst accuracy. Here&#8217;s a look at the most recent stock picks from each of the five most accurate Wall Street analysts, according to Benzinga <a href="https://www.benzinga.com/analyst-stock-ratings">Analyst Stock</a> Ratings.
Analyst: Andres Sheppard
<ul>
<li>Analyst Firm: Cantor Fitzgerald</li>
<li>Ratings Accuracy: 88%</li>
<li>Latest Rating: Maintained an Overweight rating on Archer Aviation Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ACHR#NYSE">ACHR</a>) and raised the price target from $10 to $13 on Dec. 18. This analyst sees around 30% upside in the stock.</li>
<li>Recent News: On Dec. 12, Archer announced a partnership with Anduril to develop hybrid VTOL military aircraft and reported raising an additional $430 million in equity capital.</li>
</ul>
Analyst: Jay McCanless
<ul>
<li>Analyst Firm: Wedbush</li>
<li>Ratings Accuracy: 87%</li>
<li>Latest Rating: Reiterated a Neutral rating on Lennar Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LEN#NYSE">LEN</a>) with a price target of $164 on Dec. 19. This analyst sees around 20% upside in the stock.</li>
<li>Recent News: On Dec. 18, Lennar reported worse-than-expected fourth-quarter financial results.</li>
</ul>
Analyst: Sumeet Mody 
<ul>
<li>Analyst Firm: Piper Sandler</li>
<li>Ratings Accuracy: 87%</li>
<li>Latest Rating: Maintained a Neutral rating on Enfusion, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ENFN#NYSE">ENFN</a>) and raised the price target from $10 to $11.5 on Dec. 23. This analyst sees around 12% upside in the stock.</li>
<li>Recent News: On Nov. 4, Enfusion reported worse-than-expected third-quarter financial results.</li>
</ul>
Analyst: Justin Post
<ul>
<li>Analyst Firm: B of A Securities</li>
<li>Ratings Accuracy: 85%</li>
<li>Latest Rating: Maintained a Buy rating on Alphabet Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) with a price target of $210 on Dec. 23. This analyst sees around 10% surge in the stock.</li>
<li>Recent News: At a strategy meeting featuring Alphabet executives, CEO Sundar Pichai addressed key 2025 topics, including artificial intelligence, competition and regulatory pressure.</li>
</ul>
Analyst: Aaron Rakers
<ul>
<li>Analyst Firm: Wells Fargo</li>
<li>Ratings Accuracy: 85%</li>
<li>Latest Rating: Maintained an Overweight rating on Micron Technology, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MU#NASDAQ">MU</a>) and cut the price target from $175 to $140 on Dec. 19. This analyst sees around 65% upside in the stock.</li>
<li>Recent News: On Dec. 18, Micron reported first-quarter revenue of $8.71 billion, missing the consensus estimate of $8.72 billion.</li>
</ul>
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Pre-Market Outlook

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This Analyst With 85% Accuracy Rate Sees Around 10% Upside In Alphabet - Here Are 5 Stock Picks For 2024 From Wall Street's Most Accurate Analysts

Shares of homebuilder Lennar Corporation&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LEN#NYSE">LEN</a>) are trading higher Tuesday. A new rally may be about to start.
This is why our team of technical analysts has made it our Stock of the Day.
Most of the time a stock stays within its usual or typical trading range. But sometimes traders who are selling can become emotional and aggressive and push it below this range. When this happens, traders say the stock is oversold.
The bottom part of the chart is the Relative Strength Index (RSI) momentum indicator. When the blue line crosses below the horizontal red line it indicates oversold conditions. As you can see, that's the case now.
Lennar is the most oversold that it has been in almost five years. The last time it was this oversold was during the COVID-19 pandemic crash. As you can see, a major rally followed. The stock more than tripled in six months.
The chart illustrates how price levels that had been peaks or tops can turn into support.
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="562" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/31125546/Lennar-1024x562.png" alt="" class="wp-image-713651" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/31125546/Lennar-1024x562.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/31125546/Lennar-300x165.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/31125546/Lennar-768x421.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/31125546/Lennar.png 1489w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
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The $71 level was a peak for Lennar in February 2020. In July 2020 this resistance was broken and the level converted into support.
The $134 level was a peak in July 2023. In December 2023 this resistance broke. Now the stock is getting back close to this price and if it does, there is a good chance it converts into support as well.
Resistance converting into support is a common occurrence in the stock market. It happens due to investor and trader psychology.
There are people who sell at the peak and regret doing so if and when the price eventually moves higher. Many of them decide that if they can buy their shares back at the same price they were sold for, they will.
As a result, if the stock eventually drops back to its selling price, they place buy orders. If there is a large number of these orders it will create support at the same price that was resistance.
Of course, it's too soon to know what will happen. But there is a chance <a href="https://www.benzinga.com/quote/LEN">Lennar</a> is on the verge of a reversal and a large move higher.
Read Next: • <a href="https://www.benzinga.com/markets/latin-america/24/12/42744687/puerto-rico-blackout-8-stocks-affected-by-island-wide-power-outage">Puerto Rico Blackout: 8 Stocks Affected By Island-Wide Power Outage</a>

Photo: Shutterstock

Technicals

Real Estate

Stock Of The Day: Is Home Builder Lennar About To Rally?

Following the COVID-19 pandemic,<a href="https://fred.stlouisfed.org/series/ACTLISCOUUS"> </a>active <a href="https://fred.stlouisfed.org/series/ACTLISCOUUS">listings</a> for single-family homes fell conspicuously due to public health concerns and mandated stay-in-place orders. Naturally, this framework sparked a demand bottleneck, cynically benefiting homebuilders as society gradually normalized. However, incoming political shifts could present concerns for the broader housing market.
Specifically, President-elect Donald Trump throughout the campaign trail for the 2024 election<a href="https://www.benzinga.com/news/24/10/41301544/trump-steps-up-anti-immigrant-rhetoric-proposes-nationwide-plan-to-target-venezuelan-gang-members"> broadcasted anti-immigration sentiments</a>. Combined with his<a href="https://www.benzinga.com/markets/24/12/42572520/2025-housing-market-looks-like-a-year-of-struggle-for-states-like-builders-now-hold-record-inventory"> proposed tariffs on building materials</a>, Trump's policies could drive construction costs higher. Potentially, such a development could negatively impact demand as<a href="https://www.benzinga.com/personal-finance/24/11/41728751/even-as-inflation-cools-most-americans-cant-get-ahead-and-continue-living-paycheck-to-paycheck-r"> most Americans have struggled</a> to get ahead of the paycheck-to-paycheck cycle.
Still, it's not all doom and gloom. Despite historically high mortgage rates, several Sun Belt cities may be poised for<a href="https://www.benzinga.com/markets/24/12/42515226/2025s-top-housing-markets-where-home-sales-will-jump-by-up-to-27-according-to-report"> explosive sales growth in 2025</a>, according to projections from sites like Realtor.com. Several cities in Texas have consistently placed in the top rankings regarding housing demand. Further, booming areas such as Miami, Virginia Beach, Richmond and Charlotte may reignite currently deflated sentiment for homebuilding stocks.
The Direxion ETF: For investors that view the glass as half-full, the Direxion Daily Homebuilders &amp; Supplies Bull 3X Shares (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NAIL#NYSE">NAIL</a>) offer the ultimate in speculation. A leveraged exchange-traded fund, NAIL seeks a return that is 300% of the performance of the Dow Jones U.S. Select Home Construction Index.
Fundamentally, one of the benefits of a 3X-leveraged fund is convenience. Typically, traders seeking to magnify their returns over a short time period use options, which introduce complexities. In contrast, investors can buy units of the NAIL ETF, much like buying shares of a publicly traded company. Further, NAIL covers a basket of securities, including names like DR Horton Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DHI#NYSE">DHI</a>) and Lennar Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LEN#NYSE">LEN</a>) (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LEN#NYSE">LEN</a>).
However, as a 3X-leveraged ETF, NAIL carries significant volatility risks. Notably, Direxion states that the fund should not be expected to provide three times the benchmark index's cumulative return for periods greater than a day. That's because exposure lasting longer than a day may expose the trader to valuation decay due to the effects of daily compounding.
Nevertheless, weekly returns of the NAIL fund over the trailing five years reflects an upward bias. Of the past 261 weeks, 146 weeks saw a positive return, reflecting a success ratio of 55.94%. What's more, there have been 12 weeks (not including last week) where NAIL lost 20% of value or more. Of this dataset, eight of the following weeks generated positive returns, with an average performance of 25.55% up.
Interestingly, in the business week ending Dec. 20, the 3X bull fund lost 21.66% of value.
The NAIL ETF: Although the leveraged housing fund was looking strong up until late November, economic and political uncertainties saw the ETF go negative for the year.
<ul>
<li>At the moment, the technical backdrop isn't enticing, with NAIL falling through its 50- and 200-day moving averages in late November and early December, respectively.</li>
<li>On the positive side, NAIL is trading above the critical $80 level, which previously acted as support throughout 2021.</li>
<li>Moving forward, it's imperative that the bulls establish a baseline of support here. This seems credible given the aforementioned upward bias, especially following a severe weekly correction.</li>
</ul>
<figure class="wp-block-image"><img decoding="async" src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXdEFM2RzXULOsvKwMUJR6tMs6ytAI-exasr_VGMzxHO5iVbwfTg6kgxBTEaZbQkWqN8AogDbSPp7vu9oG_-EKHhZr5TCd7t1edl0-YXj--p31OIBfOIMvGpaFY0GVkSmDun7K4YIA?key=35wYDvIj__9IZuzPJz-CvttV" alt="" /></figure>
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