ACRES Commercial Realty (ACR) Surges 9.7%: Is This an Indication of Further Gains?
ACRES Commercial Realty(ACR) Zacks Investment Research·2024-03-21 21:05
ACRES Commercial (ACR) shares rallied 9.7% in the last trading session to close at $13.36. 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 18.9% gain over the past four weeks.The Federal Reserve held interest rates steady yesterday but still expects three interest rate cuts this year. In its meeting, the central bank also showed confidence in the commercial real estate (“CRE”) space, saying that the CRE stres ...