Shares of Siebert Financial Corp. SIEB,
exploded 373% higher towards a high volume over two years high on Friday, enough to keep up with all pre-market winners. Turnover increased to 6.7 million shares, compared to the full-day average over the past 30 days of around 24,500 shares. The company, which conducts its retail brokerage business through its subsidiary Muriel Siebert & Co. Inc., confirmed that it did not release any news on Friday. The last press release was on November 16, when Siebert said he hired JPM Chase & Co.’s JPM Anthony Palmeri.
and Jerry Losurdo of TD Prime Services to lead their bond financing group. The stock was on its way to open at the highest price seen during normal session hours since September 2018. The stock, whose interest rates of 3.7% of the public float according to the latest data, fell 1.1 % in the last 3 months through Thursday and fell 51.1% in the last 12 months, while the S&P 500 SPX,
gained 14.4% in the last three months and rose 15.7% last year.
