Senior Housing: NYSE looks at Sunrise Senior Living trading spike

via The Associated Press

Mclean, Va. (AP) — Sunrise Senior Living Inc. on Wednesday said that it declined to comment when contacted by the New York Stock Exchange regarding the activity in its stock during the day’s trading session.

Shares of the assisted living community operator leaped 74 cents, or 11.8 percent, to close at $7, after earlier hitting a 52-week high of $7.35.

The stock has had a three-day run in which it gained 28 percent, with no news released by the company.

It hit its previous high, $6.33 in Tuesday’s session, when it posted a 6.6 percent gain. In Monday trading, the stock gained 7.7 percent to close at $5.87.

Trading volume was also well above normal all three days. Wednesday, nearly 3.4 million shares changed hands, more than five times the 100 day average of roughly 658,000. Tuesday’s volume was more than twice normal, over 1.5 million. On Monday, the difference was smaller, about 22 percent higher than normal, at nearly 800,000 shares.

Sunrise Senior Living said its policy is not to comment on market activity or rumors.

The company operates 320 communities in the U.S., Canada and the U.K.

[bloomberg.com]

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