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 sche ...