Sunrise Senior Hits Exponential Volume Alert in 1 Hour (SRZ)
Sunrise Senior Living Inc. (NYSE: SRZ), which should arguably be called Sunset Senior Living, is seeing an exponential volume surge this morning. The reason for the move is that Sunrise entered into an agreement to sell 21 communities for about $204 to Brookdale. Sunrise shares are up 25% at $4.13 today, and its market cap [...]
Volume Alert: Sunrise Senior Living (SRZ, HCP)
Sunrise Senior Living Inc. (NYSE: SRZ) shares are down nearly 20, and have traded almost a day’s average volume in the first hour of the session after real estate investment trust HCP Inc. (NYSE: HCP) alleged a Sunrise contract breach. HCP wants to terminate agreements on 64 properties operated by Sunrise, alleging that they’re being run to [...]
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