Alico (ALCO) holds at $41.31 on Memorial Day as land story takes focus
Alico, Inc. won’t trade on Monday, with U.S. exchanges shut for Memorial Day. Investors get Friday’s close at $41.31, and a new short week to weigh how much of the Florida land shift is baked in. Nasdaq shows Memorial Day, May 25, as a holiday. Regular hours are 9:30 a.m. to 4 p.m. Eastern. Alico isn’t trading like a typical citrus grower anymore. The Fort Myers company has been cutting back on its citrus business and looking to make money from leasing, selling land, and betting on future development. Shares increased from $40.17 on May 15 to $41.31 on May 22, up about 2.8%, historical data show.