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Lennar stock climbs after announcing spin off of startup investments

Mar. 17, 2021 11:40 AM ETLennar Corporation (LEN) StockLENBy: Liz Kiesche, SA News Editor
  • Lennar (NYSE:LEN) stock jumps 5.4% after the homebuilder said it will spin off its investments in startups.
  • The spinoff will result in almost no operating income loss, the company's management said during its fiscal Q1 earnings call.
  • The company emphasized the value

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