Carver Bancorp Stock Increases Over 60% Pre-Market: Details

By Amit Chowdhry ● Jul 8, 2021
  • The stock price of Carver Bancorp Inc (NASDAQ: CARV) increased by over 60% pre-market. These are some details you should know.

The stock price of Carver Bancorp Inc (NASDAQ: CARV) increased by over 60% pre-market. Carver Bancorp is a company that operates as the holding company for Carver Federal Savings Bank — which is a federally chartered savings bank that offers consumer and commercial banking services for consumers, businesses, and governmental and quasi-governmental agencies primarily in New York. 

The company has not released any company-specific news or filed any recent SEC reports that are driving up the stock price so there are external factors at play. On several stock trading forums, there are discussions about the company stock being a short squeeze candidate.

The company stock has a low float and a large percentage of the float is shorted. This is not the first time that the company was short squeezed. Something similar happened in the middle of June and early March.

Disclaimer: This content is intended for informational purposes. Before making any investment, you should do your own analysis.