Why Innovative Industrial Properties Stock Crumbled Today
Innovative Industrial Properties(IIPR) The Motley Fool·2024-11-08 07:34
Cannabis assets are out of favor just now, and the company's latest news didn't improve the situation.Innovative Industrial Properties (IIPR -10.51%) released its latest set of quarterly-earnings figures after market hours Wednesday, and investors reacted accordingly on Thursday. Unfortunately, that reaction was negative, with the market pushing the stock's value down by nearly 11%. The bellwether S&P 500 index, by contrast, landed in positive territory with a 0.7% gain on Thursday.Third-quarter figures wer ...