Middlefield Banc (MBCN) Moves 15.4% Higher: Will This Strength Last?

Middlefield Banc Corp. (MBCN) shares ended the last trading session 15.4% higher at $33.35. The jump came on an impressive volume with a higher-than-average number of shares changing hands in the session. This compares to the stock's 4.5% loss over the past four weeks.On Friday, during his speech at Jackson Hole, Federal Reserve Chair Jerome Powell signaled that a rate cut could come as early as September, citing rising risks in the labor market and easing inflation pressures. This marks a shift from the Fe ...