logo
Plus   Neg
Share
Email

Stock Alert: Carver Bancorp Skyrockets

Shares of Carver Bancorp Inc. (CARV) are surging almost 118 percent or $6.91 in Tuesday's morning to trade at $12.78.

New York-based Carver Bancorp is the holding company for Carver Federal Savings Bank, a federally chartered savings bank that provides consumer and commercial banking services. The bank supports African-American communities.

Video streaming giant Netflix Inc. (NFLX) said it will invest 2 percent of its cash holdings - initially up to $100 million - into financial institutions and organizations that directly support Black communities in the U.S. Carver Bancorp's stock had surged last week too and touched a new 52-week high amid increased investor interest in companies controlled by African-Americans and those supporting black-owned businesses.

The increased "Buying Black" interest comes after protests in the U.S. over the killing of George Floyd, an unarmed black man, in police custody.

The stock has traded in a range of $12.78 to $16.00 in the past 52 weeks.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
The U.S. Department of Health and Human Services or HHS said it has secured most of the supply of COVID-19 drug remdesivir through September. The deal would allow American hospitals to purchase the antiviral drug in allocated amounts amid the spike in confirmed cases each day. HHS Secretary Alex Azar said, "President Trump has struck an amazing deal to ensure Americans have access to the first..." Novartis AG (NVS) agreed to pay $678 million to settle U.S. government charges it paid illegal kickbacks to doctors to induce them to prescribe its cardiovascular and diabetes drugs, the U.S. Department of Justice said in a statement. PG&E Corp. (PCG) said Wednesday that it has emerged from Chapter 11 bankruptcy protection, after implementing its financial restructuring plan that was previously approved by the U.S. Bankruptcy Court and state regulators.
RELATED NEWS
Follow RTT