Wheeler REIT Stock Rockets 76%
(RTTNews) - Wheeler Real Estate Investment Trust, Inc. (WHLR) surged 76.33%, jumping $2.43 to $5.67 today, marking a dramatic reversal for the company's stock.
The sharp rally came absence of any public press release or company-specific announcement, suggesting speculative trading or renewed investor interest in the company's potential.
WHLR saw significantly higher-than-normal trading volume, as the market reacted to the sudden price move. The stock's 52-week range now stands at approximately $1.80 - $5.67.
Founded in the late 1990s by Andrew Mariathasan in New York, with the goal of covering Wall Street for a new generation of investors, RTTNews has expanded steadily over the years to become a trusted provider of content for a wide array of subjects across several platforms. RTT's Financial Newswire is relied upon by some of the world's largest financial institutions, including banks, brokerages, trading platforms and financial exchanges.