NEW YORK, NY / ACCESSWIRE / May 18, 2018 / Both Carver Bancorp and OptimumBank Holdings experienced unusual trading activity on Thursday with both stocks soaring on no news. Carver shares gained over 200% while OptimumBank closed up over 35%.
RDI Initiates Coverage on:
Carver Bancorp, Inc.
OptimumBank Holdings, Inc.
Carver Bancorp, Inc. shares exploded in Thursday's trading session for a colossal gain of 201.37%. The stock also saw significantly high trading volume compared to usual at about 6.2 million shares versus an average of about 7,000 shares. There was no explanation for the sudden surge in share price and trading volume. Carver Bancorp is the holding company for Carver Federal Savings Bank. Late Thursday the company stated that it "has not taken any corporate action that would explain the trading activity and is not in possession of any material, non-public information that would prompt the trading activity." It would not specifically comment on daily stock news. The company also said that "to the company's knowledge, no insiders have sold or acquired any of the company's shares recently." Carver ended the release with the company being "committed to working with regulatory agencies and professionals to insure a fair and efficient market for its securities".
Access RDI's Carver Bancorp, Inc. Research Report at:
OptimumBank Holdings, Inc. shares closed up 35.28% on Thursday with a little over 1 million shares traded. There was no news to explain the move yesterday from the company. Shares of the stock may have been reacting in reflex to Carver Bancorp exploding for gains in the triple digits on Tuesday. The company operates as the bank holding company for OptimumBank that provides a range of consumer and commercial banking services to individuals and businesses. The company accepts demand interest-bearing and noninterest-bearing, savings, money market, NOW, and time deposit accounts, as well as certificates of deposit; and offers residential and commercial real estate, commercial, and consumer loans, as well as lending lines for working capital needs. In after-hours trading, Optimum was further up 3%.
Access RDI's OptimumBank Holdings, Inc. Research Report at:
Research Driven Investing
We are committed to providing relevant and actionable information for the self-directed investor. Our research is reputed for being a leader in trusted, in-depth analysis vital for informed strategic trading decisions. The nimble investor can leverage our analysis and collective expertise to execute a disciplined approach to stock selection.
RDInvesting has not been compensated; directly or indirectly; for producing or publishing this document.
Disclaimer: This article is written by an independent contributor of RDInvesting.com and Nadia Noorani, a CFA® charter holder, has provided necessary guidance in preparing the document templates. RDInvesting.com is neither a registered broker-dealer nor a registered investment advisor. For more information please read our full disclaimer at www.rdinvesting.com/disclaimer.
For any questions, inquiries, or comments reach out to us directly at:
Research Driven Investing, Unit #901 511 Avenue of the Americas, New York, NY, 10011
CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.