Lennar Relinquishes Gains After Q2 Beat

Lennar Corporation LEN shares are trading higher by $0.70 (1.5 percent) at $47.36 in Tuesday's session. The catalyst for the rally is a Q2 beat of $0.16 on revenues of $2.74 billion.

Following a higher open, it rallied to $48.18 before reversing course. That coincides with its April 27 high of $48.05. So far, the decline has crept into Monday's range, but found support well ahead of the close ($46.66) with $47.02 as the current low.