From Seekingalpha · Jussi Askola, CFA · · 30s
Agree Realty Stock Plummets After Rate Hike
Agree Realty stock crashes 17% despite strong fundamentals as Fed hikes rates.
In brief
Agree Realty stock crashes 17% despite strong fundamentals as Fed hikes rates. Agree Realty Corporation stock dropped 17% after Fed rate hike despite solid financials and insider buying. Originally reported by Seekingalpha.
Agree Realty Stock Plummets
Agree Realty Corporation stock crashed 17% despite strong fundamentals after the Fed rate hike.
Fortress Balance Sheet
Its fortress balance sheet limits the impact of rising interest rates on the stock.
Insider Buying Activity
Insiders are buying heavily as the stock price drops despite strong fundamentals.
The main idea
Agree Realty Corporation stock dropped 17% after Fed rate hike despite solid financials and insider buying.
