Carver Bancorp Inc. CARV, +52.44 percent shares jumped again in choppy morning trading Friday, nearly quadrupling in three days, despite the fact that one of the bank’s largest owners announced that he sold his interest. On 32.8 million shares traded, the stock was up 71.9 percent, leading all gainers on major US exchanges, and has now risen 285 percent in three days. After the New York-based bank serving African-American communities announced Thursday afternoon that David Lu, managing member of Hedgehog Capital LLC, had sold off his entire stake in the bank, the stock closed up 106.9% on record volume of 95.4 million shares, but it pared intraday gains of as much as 267 percent. According to a June 14 filing, Lu was formerly Carver’s third largest stakeholder, holding 153,438 shares, or 5.0 percent of the company’s outstanding stock. On Wednesday, the stock surged 8.0 percent on 5.3 million shares traded. The stock has up 480 percent year to far, compared to 23.4 percent for the SPDR S&P Regional Banking ETF KRE, +3.02 percent and 15.9 percent for the S&P 500 SPX, +1.03 percent./n
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