Get 40% Off
🚨 Volatile Markets? Find Hidden Gems for Serious Outperformance
Find Stocks Now

Why Bank Shares Are Trading Lower? Here Are Other Stocks Moving In Monday's Mid-Day Session

Published 13/03/2023, 17:22
© Reuters.  Why Bank Shares Are Trading Lower? Here Are Other Stocks Moving In Monday's Mid-Day Session

Benzinga - Gainers

  • Provention Bio, Inc. (NASDAQ: PRVB) shares jumped 250.8% to $23.50 after Sanofi announced it will acquire the company for $25 per share in cash.
  • Hycroft Mining Holding Corporation (NASDAQ: HYMC) surged 41.6% to $0.4390.
  • Calliditas Therapeutics AB (NASDAQ: CALT) shares gained 33.7% to $22.73 after the company announced the primary endpoint was successfully met in the Phase 2 NefIgArd trial evaluating Nefecon in IgA nephropathy.
  • Clearmind Medicine Inc. (NASDAQ: CMND) gained 31.7% to $4.53.
  • Cipher Mining Inc. (NASDAQ: CIFR) rose 30.2% to $1.7195.
  • EUDA Health Holdings Limited (NASDAQ: EUDA) gained 30% to $2.62.
  • ZIM Integrated Shipping Services Ltd. (NYSE: ZIM) surged 23.7% to $24.20 after the company reported a fourth-quarter FY22 sales decline of 37% year-on-year to $2.19 billion, beating the consensus of $2.11 billion.
  • Austin Gold Corp. (NYSE: AUST) rose 22.2% to $1.10
  • Iris Energy Limited (NASDAQ: IREN) rose 22% to $3.16.
  • Aridis Pharmaceuticals, Inc. (NASDAQ: ARDS) gained 20% to $0.5530 after the company announced the primary and secondary endpoints were met in the Phase 2a study of AR-501 in cystic fibrosis patients.
  • Hut 8 Mining Corp. (NASDAQ: HUT) gained 20% to $1.5200. Hut 8 Mining announced expiration of Hart-Scott-Rodino Antitrust Improvements Act regarding proposed combination with U.S. Data Mining Group.
  • Stronghold Digital Mining, Inc. (NASDAQ: SDIG) jumped 19.6% to $0.5401.
  • Latch, Inc. (NASDAQ: LTCH) surged 17.7% to $0.6029.
  • Illumina, Inc. (NASDAQ: ILMN) rose 17.7% to $228.41 following a media report stating Carl Icahn is preparing to become an activist investor in the company.
  • Seagen Inc. (NASDAQ: SGEN) gained 16.8% to $201.65 after Pfizer announced it would acquire the company for $229 per share in cash.
  • Zynex, Inc. (NASDAQ: ZYXI) jumped 15.7% to $11.03 following upbeat quarterly earnings.
  • Harmony Gold Mining Company Limited (NYSE: HMY) gained 15% to $3.6350. Shares of gold companies traded higher amid a decline in the US dollar.
  • Kinnate Biopharma Inc. (NASDAQ: KNTE) gained 15% to $3.98.
  • Marathon Digital Holdings, Inc. (NASDAQ: MARA) rose 13.6% to $6.06. Marathon Digital said the company hold $142 million in cash deposits as signature bridge.
  • Karyopharm Therapeutics Inc. (NASDAQ: KPTI) gained 13.2% to $3.39
  • Riot Platforms, Inc. (NASDAQ: RIOT) rose 12.8% to $5.98 after declining over 4% on Friday.
  • Sage Therapeutics, Inc. (NASDAQ: SAGE) gained 11% to $43.90 after RBC Capital upgraded the stock from Sector Perform to Outperform and announced a $60 price target.
  • Tenax Therapeutics, Inc. (NASDAQ: TENX) rose 9% to $0.6211 after gaining 23% on Friday.
  • MicroStrategy Incorporated (NASDAQ: MSTR) shares rose 8.3% to $208.24 after dropping 9% on Friday.
  • TRxADE HEALTH, Inc. (NASDAQ: MEDS) rose 7.3% to $0.37 after dropping more than 5% on Friday.
  • Myomo, Inc. (NYSE: MYO) rose 6.7% to $0.7899 following Q4 results.
3rd party Ad. Not an offer or recommendation by Investing.com. See disclosure here or remove ads .
Losers
  • Western Alliance Bancorporation (NYSE: WAL) shares dipped 76.8% to $11.47. Shares of several bank stocks traded lower following the recent closure of Silicon Valley Bank and Signature Bank, the largest bank failures since 2008.
  • First Republic Bank (NYSE: FRC) fell 75.7% to $19.86 after the company said it improved its liquidity profile by increasing its borrowing facility from the Federal Reserve and JP Morgan.
  • Customers Bancorp, Inc. (NYSE: CUBI) dropped 49.3% to $11.59. Shares of several bank stocks traded lower following the recent closure of Silicon Valley Bank and Signature Bank, the largest bank failures since 2008.
  • Metropolitan Bank Holding Corp. (NYSE: MCB) dropped 45% to $24.05. Shares of several bank stocks traded lower following the recent closure of Silicon Valley Bank and Signature Bank, the largest bank failures since 2008.
  • PacWest Bancorp (NASDAQ: PACW) fell 40% to $7.40. Shares of several bank stocks traded lower following the recent closure of Silicon Valley Bank and Signature Bank, the largest bank failures since 2008.
  • Lightning eMotors, Inc. (NYSE: ZEV) dropped 31.5% to $0.3831 after the company reported worse-than-expected Q4 sales results.
  • iCAD, Inc. (NASDAQ: ICAD) fell 31% to $1.65 after the company issued Q4 revenue guidance below analyst estimates.
  • First Horizon Corporation (NYSE: FHN) dropped 29.7% to $14.12.
  • Loyalty Ventures Inc. (NASDAQ: LYLT) dropped 27.7% to $0.1735. Loyalty Ventures recently announced bankruptcy filings and plans to delist from the Nasdaq Global Select Market.
  • Mercurity Fintech Holding Inc. (NASDAQ: MFH) fell 26.9% to $0.95.
  • UMB Financial Corporation (NASDAQ: UMBF) fell 26.3% to $56.84. Shares of banking and financial services stocks traded lower following the recent closure of Silicon Valley Bank and Signature Bank, the largest bank failures since 2008.
  • Q2 Holdings, Inc. (NASDAQ: QTWO) dropped 26% to $20.16
  • KeyCorp (NYSE: KEY) fell 25.7% to $11.62.
  • Molecular Templates, Inc. (NASDAQ: MTEM) fell 25.5% to $0.3764 after gaining over 7% on Friday. Molecular Templates, last week, received FDA clearance to proceed for clinical testing of its novel MT-8421 ETB program.
  • Cingulate Inc. (NASDAQ: CING) shares fell 24.3% to $1.3986 after posting a wider-than-expected quarterly loss.
  • Comerica Incorporated (NYSE: CMA) dropped 23% to $45.24.
  • East West Bancorp, Inc. (NASDAQ: EWBC) dropped 23.2% to $48.16 following the recent closure of Silicon Valley Bank and Signature Bank, the largest bank failures since 2008.
  • Zions Bancorporation, National Association (NASDAQ: ZION) dropped 21.2% to $31.80. Shares of several bank stocks traded lower following the recent closure of Silicon Valley Bank and Signature Bank, the largest bank failures since 2008.
  • Cazoo Group Ltd (NYSE: CZOO) fell 19.1% to $2.12 after jumping over 32% on Friday.
  • Dime Community Bancshares, Inc. (NASDAQ: DCOM) fell 19.1% to $23.24. Shares of banking and financial services stocks traded lower following the recent closure of Silicon Valley Bank and Signature Bank, the largest bank failures since 2008.
  • Fifth Third Bancorp (NASDAQ: FITB) dropped 16.3% to $25.43.
  • Ribbon Communications Inc. (NASDAQ: RBBN) fell 15.8% to $3.5750
  • Huntington Bancshares Incorporated (NASDAQ: HBAN) fell 14.7% to $11.40. Shares of several bank stocks traded lower following the recent closure of Silicon Valley Bank and Signature Bank, the largest bank failures since 2008.
  • New York Community Bancorp, Inc. (NASDAQ: NYCB) dropped 12.5% to $6.45. Shares of several bank stocks traded lower following the recent closure of Silicon Valley Bank and Signature Bank, the largest bank failures since 2008.
  • The Charles Schwab Corporation (NYSE: SCHW) fell 9.7% to $53.00.
3rd party Ad. Not an offer or recommendation by Investing.com. See disclosure here or remove ads .

© 2023 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

Read the original article on Benzinga

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.