Why did the stock price of mdrr drop so significantly in June 2024

The significant drop in MDRR's stock price in June 2024 can be attributed to several factors:

1. Reverse Stock Split: MDRR announced a reverse stock split on June 20, 2024, which is expected to take effect on July 2, 2024. This often leads to a temporary drop in stock price as the market adjusts to the new share count.
2. Market Sentiment: The overall market sentiment towards MDRR and the real estate investment trust (REIT) sector may have influenced the stock's price. Negative news or concerns about the sector's performance could have contributed to the decline.
3. Earnings Report: MDRR reported earnings per share (EPS) of $0.60 for the first quarter of 2024, which is a significant decrease from the previous quarter's EPS of $2.57 million. This could have negatively impacted investor confidence and led to a decrease in stock price.
4. Dividend Payment: MDRR announced a quarterly dividend of $0.05 per share on July 5, 2024. Dividend payments can impact the stock price, especially if the dividend is significant relative to the stock's price.
5. Insider Transactions: The CEO and President of MDRR, Frank Kavanaugh, purchased 17,340 shares of the company on June 14, 2024. Insider purchases can be seen as a positive sign by investors, but the impact on stock price may be limited.

In conclusion, the drop in MDRR's stock price in June 2024 is likely a combination of the reverse stock split announcement, market sentiment, the company's earnings report, dividend payment, and insider transactions.