HomeStreet (HMST) Surges 26.2%: Is This an Indication of Further Gains?

HomeStreet (HMST) shares rallied 26.2% in the last trading session to close at $11.74. This move can be attributable to notable volume with a higher number of shares being traded than in a typical session. This compares to the stock's 7.4% loss over the past four weeks. HomeStreet and Mechanics Bank announced an all-stock business combination between the two. Existing shareholders of Mechanics Bank will receive common stock in HomeStreet in exchange for their Mechanics Bank shares. Upon closure, HomeStreet ...