Carver Bancorp (CARV, $21.89) shares more than tripled, apparently on social media hype
Carver Bancorp shares more than tripled on Thursday, as retail traders talked up the financial services company’s stock.
"Blasting up!!" one poster declared on a subreddit called r/carvstock, on Wednesday. "$CARV to the moon!"
"Spread the word people!!!" another poster wrote. "This will gamma squeeze… get as much people on board as you can!!! 68% shorted."
Meanwhile, message volume about Carver Bancorp was up 524% on Stocktwits. "$SCARV don’t fear the rip!" commented a poster on Stocktwits. "Buy it! The short interest is 60% of float! Market cap 100 million. Upside 300%+".
CARV sees its 50-day moving average cross bullishly above its 200-day moving average
The 50-day moving average for CARV moved above the 200-day moving average on July 24, 2024. This could be a long-term bullish signal for the stock as the stock shifts to an upward trend.
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Notable companies
The most notable companies in this group are US Bancorp (NYSE:USB), PNC Financial Services Group (NYSE:PNC), Itau Unibanco Holding SA (NYSE:ITUB), Deutsche Bank Aktiengesellschaft (NYSE:DB), Banco Bradesco SA (NYSE:BBD), Huntington Bancshares (NASDAQ:HBAN), Regions Financial Corp (NYSE:RF), KeyCorp (NYSE:KEY), Veritex Holdings (NASDAQ:VBTX).
Industry description
Regional banks have a smaller reach than major banks, and cater mostly to one region of a country, such as a state or within a group of states. They offer services often similar – albeit with some limitations/smaller scale – compared to major banks. Taking deposits, making loans, mortgages, leases, credit cards , fund management, insurance and investment banking. SunTrust Banks, State Street Corp., M&T Bank Corp. are some examples of U.S. regional banks.
Market Cap
The average market capitalization across the Regional Banks Industry is 5.74B. The market cap for tickers in the group ranges from 22.65 to 133.96B. HDB holds the highest valuation in this group at 133.96B. The lowest valued company is VLYPP at 22.65.
High and low price notable news
The average weekly price growth across all stocks in the Regional Banks Industry was 3%. For the same Industry, the average monthly price growth was 11%, and the average quarterly price growth was 9%. PBNNF experienced the highest price growth at 114%, while FRCB experienced the biggest fall at -47%.
Volume
The average weekly volume growth across all stocks in the Regional Banks Industry was -11%. For the same stocks of the Industry, the average monthly volume growth was 34% and the average quarterly volume growth was 35%
Fundamental Analysis Ratings
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
Valuation Rating: 50
P/E Growth Rating: 42
Price Growth Rating: 48
SMR Rating: 37
Profit Risk Rating: 69
Seasonality Score: 11 (-100 ... +100)