Home / Financial / Financials Get Upward Pressure from 22.56% Morning Gain by Carver Bancorp Inc. (CARV) on April 21

Financials Get Upward Pressure from 22.56% Morning Gain by Carver Bancorp Inc. (CARV) on April 21

Financial stocks listed on the New York Stock Exchange or NASDAQ have gotten some tailwinds from Carver Bancorp Inc. (CARV), as one of the best performers in the sector during morning trading on April 21. At the lunch break, shares of CARV have advanced 22.56% to $4.89 after closing the day prior at $3.99. In morning action, the stock has moved as high as $6.61 and as low as $4.45. Today’s rise has come with about 1.06 million shares changing hands, compared to an average 30-day volume of 6,685 for Carver Bancorp Inc.. The price is currently below the 30-day volume weighted average price of $5.61 for CARV.

The share appreciation gives the company a market capitalization of $14.75 million based upon 3.7 million shares outstanding. It also means that CARV has a price-to-book ratio of 2.07:1.

In the past 52 weeks, shares of CARV have traded as low as $2.87 and as high as $5.82. Technical traders will take note that at $4.89, shares of CARV are trading above their 200-day MA at $4.03 and above their 50-day MA at $3.38. Technical analysts pay close attention to these key moving averages because they often serve as technical support and resistance levels and because a move through or holding above them is typically regarded as bullish.

Who is CARV?

Carver Bancorp Inc through its banking subsidiary operates as a unitary savings and loan holding company. The Company is engaged in providing consumer and commercial banking services offering deposit products, including demand, savings and time deposits. The company’s 133 employees are led by CEO from the corporate headquarters at 75 West 125th Street in New York, NY.


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