Medalist Diversified Stock Slides After $15.8 Million Credit-Line Filing — What MDRR Investors Face Next
Medalist Diversified Inc. shares fell 5.6% on Friday to $10.90, cutting into a sharp rebound earlier in a holiday-shortened week, after the Richmond, Virginia-based real estate company disclosed a new pledged-asset credit facility. The stock still finished up about 6.8% from its May 22 close, with just 2,094 shares changing hands on Friday, underscoring the thin trading that can magnify moves in microcap stocks. U.S. markets were closed on Saturday, and Nasdaq’s schedule shows the prior Monday, May 25, was also shut for Memorial Day. Regular Nasdaq trading is scheduled for 9:30 a.m. to 4 p.m. Eastern Time, Monday through Friday, so the next regular session for MDRR is Monday, June 1, barring a company-specific halt or market disruption.