stock has soared to a record high, and insiders have dramatically stepped up sales of the home builder’s shares. Lennar executives and directors have sold more than $41 million of stock thus far in 2020, compared with $5.7 million in all of last year.
Lennar’s (ticker: LEN) Class A and B shares have both soared more than 50% year to date through Friday’s close, more than twice the rise in the
S&P Homebuilders Select Industry Index
(SPHOME), and trouncing the 3.6% gain in the
S&P 500 index,
a broad measure of the market. Lennar wasn’t a slouch in 2019, either. Class A and B shares both rose about 43%. That was just ahead of the 40% rise in the S&P