Sun Communities, Inc.
Company Name | Sun Communities, Inc. |
Stock Symbol | SUI |
On September 25, 2024, Blue Orca Capital published a report alleging, among other things, that Sun Communities’ CEO “received an undisclosed $4 million loan from the family of a purportedly independent Director who has sat on the Audit Committee and chaired the Compensation Committee for close to a decade.”
On this news, Sun Communities’ stock price fell $1.62, or 1.2%, to close at $137.48 per share on September 25, 2024, thereby injuring investors.
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