WCI Communities Holding On To Strong Gain After Initial Jump

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(RTTNews.com) - After gapping open sharply higher, WCI Communities ( WCIC ) continues to post a substantial gain in afternoon trading on Thursday. Shares of WCI are currently up by 38.3 percent after reaching a nine-month intraday high.

The initial rally by WCI came after the luxury homebuilder agreed to be bought by rival Lennar ( LEN ) for $643 million in cash and stock or $23.50 per share.

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This article appears in: News Headlines
Referenced Symbols: LEN , LENB , WCIC


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