These Were Last Week’s 10 Worst Performers

8. Millrose Properties Inc. (NYSE:MRP)

Millrose Properties fell by 14 percent week-on-week, closing Friday at $22.92 each versus the $26.74 finish on February 7, as investors continued to sell off positions in the company to reduce exposure from the recent spin-off from its parent company, Lennar Corp. (LEN).

To recall, LEN and MRP concluded a stock spin-off, involving the distribution of approximately 80 percent of MRP shares to stockholders of LEN.

Each LEN shareholder as of record date January 21, 2025 then received one share of MRP common stock.

However, with MRP now an independent publicly traded firm having just begun regular way trading, investors quickly sold off positions to lock in early profits and mitigate potential risks.

MRP engages in land purchases, horizontal development, and homesite option purchase arrangements for LEN. It anticipates to attract other homebuilders seeking to implement an asset-light strategy.