Sunrise Realty Trust Inc shares rise on share buyback plan and proxy advisor support
SUNS Sunrise Realty Trust Inc
$5.79 -1.03%
View chart & analysis → - 1Sunrise Realty Trust Inc shares rose more than 7% during early Tuesday trading.
- 2A $20 million share buyback program for Sunrise Realty Trust Inc has been approved.
- 3ISS and Glass Lewis recommended that shareholders vote in favor of the merger ahead of the special meeting on October 23.
So what's the key point?
Sunrise Realty Trust Inc decided to buy back $20 million of its own shares. The stock price rose as advisory firms recommended voting in favor of the merger.
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