Why Wheeler Real Estate Investment Trust Stock Is Soaring
Portfolio Pulse from Erica Kollmann
Wheeler Real Estate Investment Trust, Inc. (NASDAQ:WHLR) shares are trading higher after the company posted redemption forms for its Series D Preferred Stock. The redemption will begin in October 2023. The company also announced that it had regained compliance with the Nasdaq minimum bid price listing requirement. WHLR has a float of only 749,075 shares and more than 14.4 million shares have already been traded in the session. The shares are up 68% at $7.64.
September 07, 2023 | 2:51 pm
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Wheeler Real Estate Investment Trust's stock is trading higher after the company posted redemption forms for its Series D Preferred Stock and regained compliance with the Nasdaq minimum bid price listing requirement.
The company's announcement of the redemption of its Series D Preferred Stock and its regained compliance with the Nasdaq minimum bid price listing requirement have likely boosted investor confidence, leading to an increase in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100