Carver Bancorp (CARV) Jumps Amid Aiding ‘Black-owned’ Businesses Gets Popular Among Traders

On Tuesday NASDAQ: CARV was available for under $2.50 then viral news made it soar to $21.64 at 09:46 AM EDT today, then it slowly fell near $10. Still great increase within four hours. The magically trending news is Urban One and Carver joined to serve black and underrepresented communities while ongoing protests led to a trend of traders are helping Black-owned businesses.

Daily trading volume plunges to around 43 million shares while average volume looks microbe in comparison. On Monday Urban One’s stock started rising because of this trend. Several traders may ask, what will happen to these stocks after protests are over? Slow shrinking might happen as other factors may affect, for example, COVID-19’s second wave will discourage investors buy stocks.

Asan Abdiev

CEO and Editor in Chief. Living in the era of dynamic tech change Asan decided to stay tuned in changes that make any person find comfort and adapt to new devices. Furthermore, gaming became his passion for spending leisure time with his close ones. Although, he has a degree in Business Administration (majoring Finance) writing for technology and as well as finance has been one of the precious aspects of his life