Welcome to the Mesh, Brother : Guerrilla Wi-Fi Comes to New York
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Uncharted Launches National Program to Help Cities Solve Last Mile Infrastructure Challenges and Accelerate Smart City Development
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Goodwill in Harlem and beyond is dramatically affecting the bank’s ordinarily sleepy stock, which today soared from $10.58 a share to nearly $39 per share midday before closing at $21.89.
The catalyst appeared to be a post on Reddit’s WallStreetBets forum two days ago. A commentator observed a large portion of Carver’s publicly available shares have been sold short, a bearish bet that pays off when a stock falls in price. The commentator speculated that if bulls bought a lot of shares, the rally could force the bears to buy as well and drive the stock even higher. The scenario, known as a short squeeze, isn’t uncommon among thinly traded stocks. It sent GameStop shares into the stratosphere this year.
Shares in Carver Federal Savings triple as 73-year-old bank becomes the new favorite
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