Lennar (LEN) Soars on Heavy Volume as Millrose Exchange Offer Deadline Hits – Stock News for November 25, 2025
Lennar shares jumped about 5.5% to $129.70 Tuesday on volume nearly 80% above average, as investors rushed to meet the deadline for its oversubscribed Millrose Properties exchange offer. Only 8.05 million Lennar shares will be accepted from over 91.9 million tendered, with final proration set after today’s 5 p.m. ET paperwork cutoff. Millrose shares rose 3.1%.