Lennar Corp - B Shs Stock News
$84.92
0.56%
NYSE, Oct 23, 04:00 pm EDT.
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Lennar Corp - B Shs Stock News
Competition for buyers is heating up, which will force companies like Lennar and KB home to beef up incentives.
LOS ANGELES--(BUSINESS WIRE)---- $LEN--LEN Investors with $100,000 in Losses Have Opportunity to Join Lennar Corporation Fraud Investigation with SBS Law.
Lennar stock rose about 1%, while Berkshire Hathaway stock was relatively flat.
Berkshire's latest purchases were made last Thursday and Friday. Lennar stock fell almost 7% Monday after the publication of a negative report on the company.
Berkshire Hathaway added to its bet on Lennar this week, raising its stake in the homebuilder to 11.2%, although the pace of its buying appears to be slowing.
Berkshire Hathaway has raised its stake in Lennar to 11%. Its Clayton Homes unit shows how substantial its housing business has become.
Berkshire Hathaway has aggressive plans for the US housing market. By late September 2026, the conglomerate virtually doubled its position in Lennar, accumulating 25.9 million combined shares.
Berkshire, which owns several homebuilders, appears to have taken advantage of Lennar's depressed stock price.
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