That latter has proven accurate in the short term (but not for those who bought it at $50 a year ago). Yesterday, the stock rose $1.87 to $8.49, a 28.25% rise. Four other firms in the property management sector rose (nearly) 15% or more.
Forest City stock began to rise after noon. Perhaps not coincidentally, the developer issued a press release stating that the Forest City-New East Baltimore Partnership had a new tenant at the Science + Technology Park at Johns Hopkins: the Brain Sciences Institute of the Johns Hopkins University School of Medicine.
But a deal to occupy 25,000 square feet of office space isn't enough to move the market that much. Perhaps some institutional investors were making decisions.