Shares of Siebert Financial Corp. SIEB,
rose 373% on Friday to a high of more than two years on a heavy volume, enough to reach all pre-sellers. The trading volume increased to 6.7 million shares, compared to the average day of approximately 24,500 shares over the past 30 days. The company, which operates 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 was hiring Anthony Palmeri of JP Morgan Chase & Co. se JPM rent,
and Jerry Losurdo of TD Prime Services to lead its security finance group. The stock was on track to see at the highest price seen during normal session hours since September 2018. The share, according to the latest data, with a short-term interest rate of 3.7% of the public, has fallen by 1.1% over the past three months to Thursday. and has fallen by 51.1% over the past 12 months, while the S&P 500 SPX,
has increased by 14.4% over the past three months and by 15.7% over the past year.
