Why Are Lennar (LEN) Shares Soaring Today What Happened? Shares of homebuilder Lennar (NYSE:LEN) jumped 6% in the afternoon session after Berkshire Hathaway disclosed a $212.38 million purchase in the homebuilder, expanding its existing $1.2 billion position. The investment was revealed under mandatory Securities and Exchange Commission (SEC) disclosure rules. These regulatory rules require any investor owning more than 10% of a company's stock to formally report purchases and changes to their holdings. Berkshire Hathaway had already established an existing $1.2 billion position in Lennar before the transaction. The additional $212.38 million purchase further expands the firm's ownership stake in the homebuilder. Is now the time to buy Lennar?
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