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Bullboard - Stock Discussion Forum Innovative Industrial Properties Inc IIPR

Alternate Symbol(s):  IIPR.P.A

Innovative Industrial Properties, Inc. is an internally managed real estate investment trust (REIT). The Company is focused on the acquisition, ownership and management of specialized industrial properties leased to state-licensed operators for their regulated cannabis facilities. The Company is engaged in the business of providing real estate for the regulated cannabis industry. It acquires... see more

NYSE:IIPR - Post Discussion

Innovative Industrial Properties Inc > Despite iipr's stock
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Post by drbob512 on Jun 01, 2020 11:27pm

Despite iipr's stock

offering at about $74, stock rallied almost 7% today, Monday to close @ 87.33 Technical signals improved as the daily stochastics rose & weekly Parabolic SAR had its 2nd bullish reading. IIPR is not overbought yet and it rallied today on moderately heavy volume again. Bears missed their chance today after Fri's weakness & the secondary offering news. Now the bulls have even greater control.
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