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Carver Bancorp Triples in Apparent Meme Stock Boost

July 8, 2021

Via: TheStreet

Carver Bancorp (CARV) – Get Report more than tripled on Thursday as one of the country’s oldest and largest African-American-backed financial institutions caught the attention of retail traders.

Shares of the New York company at last check were trading at $35.70 compared with Wednesday’s close at $10.58.

A company spokesperson said in an email that as a matter of policy, “Carver Bancorp does not comment on daily fluctuations in its stock price.”

No news appears to be driving the sudden price hike, but retail investors were talking up the stock on a subreddit called r/carvstock.

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