Comment on Trading in local bank stock spiked the day before an acquisition was announced

Trading in local bank stock spiked the day before an acquisition was announced

On Oct. 22, the day before the parent company of Pacific Continental Bank, announced plans to acquire Century Bank, an unprecedented 34,200 shares of Century stock traded hands — more than any other day since Century shares started trading in 2005. After the deal was announced, after the close of …

 

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