On May 28, Dave Inc rose 8.4% in regular trading, trading at $278.685 USD/share, with trading volume of approximately $63.33 million. The rally marks the second consecutive session of significant gains for the digital banking platform.

On the news front, S&P Dow Jones Indices announced that Dave will officially replace American Woodmark in the S&P SmallCap 600 Index before market open on Monday. The adjustment stems from MasterBrand's acquisition of American Woodmark, which is expected to close on May 29. Index inclusion typically triggers mandatory buying from passive index-tracking funds, providing near-term demand support for the stock.

Additionally, B.Riley recently raised its price target on Dave from $358 to $370, maintaining a Buy rating. The FactSet consensus analyst target price stands at $336.78. Dave reported EPS of $4.02 in its most recent quarter. The company operates a digital banking platform providing low-cost, transparent financial services to U.S. consumers, offering products including short-term liquidity advances, checking accounts, and personal financial management tools.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)