Creative Media shares surge 30.38% after-hours after closing $44.9M lending division sale to refocus on multifamily growth.

think> Okay, let's start by breaking down the user's query. They provided a stock, Creative Media (CMCT), which had a significant after-hours price increase of 30.38%. The task is to determine if this movement was driven by specific news events and explain it in a Bloomberg-style summary. First, I need to check the stock performance details. The stock is up 30.37542662%, which I should round to two decimal places, so that's 30.38%. The trading period is after-hours. Next, the recent news events. There are three reasons listed. Let's go through each one. Reason 1: Creative Media sold its lending division to PG FR Holding for $44.9 million, with net proceeds of $31.2 million. The article mentions that the company stated this sale supports strengthening the balance sheet and improving liquidity while growing the multifamily portfolio. The stock is up 50.85% according to Benzinga Pro. This seems highly relevant because the sale of a division is a major corporate action that can impact the stock price, especially if it's a positive move for the company's financial health. Reason 2: Another article about the same sale, but the content is just the summary. It mentions the sale of the lending division for $44.9 million. Since this is the same event as Reason 1, it's reinforcing the same information. So this is also relevant and bullish. Reason 3: This is about BarkleyOKRP appointing a new executive vice president in creative media. The content is about a new hire and their background, but the company here is BarkleyOKRP, not Creative Media. The stock in question is Creative Media (CMCT), so this news is unrelated. Therefore, Reason 3 doesn't affect the stock movement of Creative Media. So, the relevant news events are Reasons 1 and 2, both about the sale of the lending division. The third reason is about a different company, so it's not relevant. Now, evaluating the impact of the relevant news. The sale of the lending division for $44.9 million, generating $31.2 million in net proceeds, is a positive development. The company mentioned that this supports their priorities of strengthening the balance sheet and improving liquidity. These are typically positive factors that can lead to an increase in stock price. The article from Benzinga Pro also notes a 50.85% increase in the stock price, which aligns with the after-hours movement provided in the input (30.38% up). The user's example output structure is important to follow. The summary should include the stock's movement (direction and percentage), the trading session, and the key news. The example uses a concise structure, so I need to mirror that. I should check if the percentage in the example is rounded correctly. The user's input has 30.37542662%, which rounds to 30.38%. The example output used 4.23%, so following that pattern, 30.38% is correct. Now, composing the summary. The key points are the after-hours surge, the percentage, and the reason being the sale of the lending division. The summary should mention the sale, the amount, the purpose (strengthening balance sheet and liquidity), and the focus on growing the multifamily portfolio. The third reason is irrelevant, so no mention needed. I need to ensure the summary is under 150 words, uses correct punctuation, and maintains a professional tone. Also, no markdown, just plain text. Let me draft it: Creative Media surged 30.38% in after-hours trading following the announcement of a $44.9 million sale of its lending division to PG FR Holding, an affiliate of Peachtree Group. The transaction, which generated $31.2 million in net cash proceeds after debt repayment and expenses, aligns with the company’s strategy to strengthen its balance sheet, improve liquidity, and focus on expanding its multifamily portfolio. The sale was widely cited as a catalyst for the sharp after-hours price increase, with the stock trading over 50% higher according to Benzinga Pro data. This move reflects Creative Media’s efforts to streamline operations and prioritize core business growth. Wait, but the user's example output didn't mention the Benzinga Pro data. The example used the company's own announcement. So perhaps I should avoid including that. Let me adjust: Creative Media surged 30.38% in after-hours trading after announcing the sale of its lending division to PG FR Holding, an affiliate of Peachtree Group, for $44.9 million, net of debt. The transaction, which yielded $31.2 million in net cash proceeds, supports the company’s strategy to strengthen its balance sheet, improve liquidity, and focus on.