We recently published a list of These Were Last Week’s 10 Worst Performers. In this article, we are going to take a look at where Millrose Properties, Inc. (NYSE:MRP) stands against other last week’s worst performers.

Ten companies posted double-digit declines last week amid a series of dismal earnings performance and outlook guidance that weighed down on investor sentiment, bucking an overall strength of Wall Street’s main indices on a week’s basis.

Over the past five trading days, the Dow Jones registered growth of 0.5 percent, the S&P 500 increased by 1.47 percent, and the tech-heavy Nasdaq rallied by 2.57 percent.

To come up with the list, we only considered the stocks with at least $2 billion in market capitalization and $5 million in daily trading volume.

Millrose Properties, Inc. (NYSE:MRP)

Millrose Properties, Inc. (NYSE:MRP) 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.

Millrose Properties (NYSE: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.

Overall, MRP ranks 8th on our list of last week’s worst performers. While we acknowledge the potential of MRP as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than MRP but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.

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Disclosure: None. This article is originally published at Insider Monkey.