Brookdale Senior Living shares drop 5.02% afterhours due to Eukedos' acquisition and Sienna's dividend announcement.
ByAinvest
Monday, Jul 15, 2024 5:52 pm ET1min read
BKD--
Brookdale Senior Living Inc. experienced a significant after-hours decline of 5.02% in trading. The reason for this drop can be attributed to Eukedos Spa's announcement that its subsidiary, La Villa Real Estate Srl, has purchased a property in Gorla Minore for EUR15 million, which is unrelated to Brookdale's core senior living operations. The news, involving a competitor's real estate acquisition, likely caused investors to reassess the sector focus and led to a temporary negative sentiment in the stock.
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