Shares of Green Dot (GDOT +6.5%) spike higher after Sallie Mae announces a refund disbursement...

|About: Green Dot Corporation (GDOT)|By:, SA News Editor

Shares of Green Dot (GDOT +6.5%) spike higher after Sallie Mae announces a refund disbursement option for students with a new prepaid debit MasterCard that can be reloaded at Green Dot retail locations. Trading volume on GDOT is surging as at least a few shorts are getting squeezed on the joy ride.