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Morguard Corp MRCBF


Primary Symbol: T.MRC

Morguard Corporation is a Canada-based real estate and property management company. The Company’s principal activities include the acquisition, development and ownership of multi-suite residential, commercial and hotel properties. The Company has various retail, office, industrial, hotel and residential holdings owned directly and through its investment in Morguard Real Estate Investment Trust and Morguard North American Residential REIT. Its owned and managed portfolio of assets is valued at over $17.6 billion. The Company owns a diversified portfolio of over 160 multi-suites residential, retail, office, industrial and hotel properties located in Canada and in the United States. The Company also provides real estate management services to institutional and other investors. The Company, through Lincluden Investment Management Limited, offers institutional clients and private investors a broad range of global investment products across equity, fixed-income and balanced portfolios.


TSX:MRC - Post by User

Comment by NotDrakeon Sep 27, 2024 9:49pm
66 Views
Post# 36245017

RE:Bizarre price movement

RE:Bizarre price movementI agree, I don't think unique to MRC but feels like algos play (or attempt to play) retail like a fiddle, or maybe it's big-money battles.  You have these runups that sometimes feel engineered to create FOMO, suck in capital, and create volume - then they probably spank you with your own shares lol (does feel that sometimes we are also the product to be scalped).

I assume $128 is a major VWAP zone so maybe something going on with shares behind the scenes.  It does look like the pattern is sometimes that the spike high is a future target.
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