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Lennar shares are trading higher after Berkshire Hathaway disclosed the acquisition of 2,668,508 of the company's Class A shares and 75,021 Class B shares.

Benzinga News-desk
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  1. Adam Levy

    Berkshire Hathaway Just Bought $212 Million of This Beaten Down Stock in 3 Days, and Its Stake Has Increased 81% This Quarter

    Under new CEO Greg Abel, Berkshire Hathaway has aggressively increased its stake in homebuilder Lennar by 81% this quarter, purchasing $212 million worth of shares over three days following the company's disappointing earnings report. The investment reflects confidence in a long-term housing turnaround despite current headwinds from rising interest rates and declining sales, positioning Berkshire to capitalize on the severe U.S. housing shortage.

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