ARCP had been strong. It is taking a hit two days in a row in addition to other routine market trading down. Maybe ARCT needs to bring down price of ARCP so we stop saying how much higher we might trade at ARCT had the O deal not been announced.
maybe just no anxious buyers. Volume is not particularly high today in the big sell off. Wonder if ARCP might be planning another equity offering and the hedge funds know about it so they can scam us illegally (but SEC never does anything about it) before actual announcement is made.
I cannot find any news. Must be an institution taking profit while it can since ARCP has not fallen near as much as some other REITS. The other possibility is that ARCP is planning to sell itself to O at no premium just as ARCT did. Look what happened to ARCT since the merger was announced about 2 months ago. Terrible tragedy that ARCT management cannot see or admits its own mistakes for having signed onto the merger with no benefits or upside for existing ARCT owners.