Stocks of Black-Owned Companies Surge on Juneteenth Holiday

Trading in the shares of several black-owned public companies surged Friday after investors looked for ways to support black-owned businesses on the Juneteenth holiday. Shares of Broadway Financial Corp., Urban One Inc. and Carver Bancorp Inc. traded so heavily they were all briefly halted for volatility on Friday by Nasdaq. Another stock, American Shared Hospital Services, was halted Thursday. In “limit up/limit down” halts, exchanges will pause trading in individual stocks for five or 10 minutes if they rise or fall too…


Source link