It is interesting how one 200 share trade is able to move American Capital Realty Property (ARCP) stock up 6.3%. Here is a screen shot from Google finance this morning showing the move:
Yesterday, ARCP stock closed at $10.80 per share. According to an S-11/A filed yesterday, ARCP principals and affiliates own 36% of its stock. (I had figured the principal and affiliate ownership at 34%, based on ARCP's Form 4 filing last week, which show 1,900,419 shares owned by principals and affiliates, out of 5,580,00 shares issued in ARCP's early September IPO.)
Update: As as a follow-up, ARCP closed at $10.53, on volume of 2,008 shares. No, I am not going to post on this stock everyday, it was just that a 6.3% move on 200 shares caught my attention.
Thursday, October 27, 2011
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