ACNB (ACNB) Surges 6.5%: Is This an Indication of Further Gains?
ACNB (ACNB) Zacks Investment Research·2024-01-18 18:41
ACNB (ACNB) shares rallied 6.5% in the last trading session to close at $43.71. This move can be attributable to notable volume with a higher number of shares being traded than in a typical session. This compares to the stock's 6.7% loss over the past four weeks.The Federal Reserve signaled the end of interest rate hikes this cycle in December 2023 and also indicated three interest rate cuts by 2024-end. A decline in interest rates is likely to result in a greater demand for commercial real estate as well a ...