Horizon Bank has been seeing quite a bit of activity the past two days. As of 9:30 a.m. Wednesday morning, Horizon’s stock jumped 31 cents on the day, rising to $1.16 a share. The bank’s stock had sunk to around 60 cents a share after a poor quarterly report earlier this year.
There hasn’t been any formal announcements from Horizon as of this morning that might prompt the rise. Any thoughts?
Puffing it up so investors can bail out with a smaller than deserved loss.