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Carv stock price

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One of America’s biggest Black-operated banks surges 267% as retail investors identify it as their next short-squeeze target

Reddit logo. hoto Illustration by Omar Marques/SOPA Images/SOPA Images/LightRocket via Getty Images Shares of Carver Bancorp, one of America's largest Black-operated banks, skyrocketed as much as 267% on Thursday. Social-media chatter suggests that retail investors have identified the stock as the next target of a short squeeze. More than 83 million shares exchanged hands Thursday, compared to the average daily trading volume of 967,494 over the past year, according to Bloomberg data. Investors on Reddit, Twitter, and Stocktwits identified that the Harlem-based bank has the market's largest proportion of outstanding shares sold short. Sign up here for our daily newsletter, 10 Things Before the Opening Bell. Shares of Carver Bancorp-on of America's largest Black-operated banks-sky...