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Lennar Stock Regains Momentum

MIAMI-Since falling to a recent low of $38.51 on Aug. 15, publicly traded common shares in the Miami-based builder of single-family and multifamily homes closed up Friday at $42.50.

By David R. Corder | Updated on August 27, 2001

MIAMI-Publicly traded shares in Lennar Corp. resurged last week since hitting a recent low of $38.51 on Aug. 15.

Common shares in the Miami-based builder of single-family and multifamily homes pretty much started a freefall from the 52-week high of $49.88 recorded on July 19. The issue had traded as low as $25.37 over the same time period.

Since the recent low of $38.51, however, the issue regained momentum, closing up $2.20 on Friday at $42.60. That is a gain of $4.09 over seven days of trading.

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