Strength Seen in Innovative Industrial Properties (IIPR): Can Its 4.8% Jump Turn into More Strength?
IIPRInnovative Industrial Properties(IIPR) Zacks Investment Research·2024-05-01 22:25

Innovative Industrial Properties (IIPR) shares soared 4.8% in the last trading session to close at $103.40. The move was backed by solid volume with far more shares changing hands than in a normal session. This compares to the stock's 2.2% loss over the past four weeks. The increased optimism in the stock stems from the recent media news on marijuana. The U.S. Drug Enforcement Administration is planning to reclassify marijuana as a lower-risk drug. It recommends considering marijuana as a less stringent sch ...