Stocks making the biggest moves midday: General Electric, Silvergate Capital, Peloton, Etsy and more
Publishing timestamp: 2023-03-09 16:48:08
Summary
General Electric's stock gained after reaffirming its 2023 guidance, while Silvergate Capital's stock sank after announcing it will wind down operations. SVB Financial's shares tumbled after announcing a stock offering and cutting its first-quarter net income guidance. Asana's shares soared after beating earnings expectations and its CEO announced he was buying shares. BJ's Wholesale Club and Duckhorn Portfolio both reported better-than-expected earnings and revenue, while PayPal's shares gained following positive comments from its CEO. MongoDB's stock slid after offering weak revenue guidance, while Etsy's shares fell after a double downgrade from Jefferies. Peloton Interactive's stock shed after a ban on imports of its video-streaming devices, and Credit Suisse's shares fell after delaying its annual report. Baidu's stock lost following a report on its struggling ChatGPT equivalent, and General Motors offered buyouts to its white-collar employees.
Sentiment: MIXED
Tickers: GM, BJ, PYPL, MDB, LDI, SIVB, GE, SI'A, CS, CSG.N-CH, SI, NAPA, ASAN, ETSY, PTON, BIDU,
Keywords: silvergate capital corp, baidu inc, breaking news: markets, economy, paypal holdings inc, general motors co, business, market insider, general electric co, svb financial group, peloton interactive inc, asana inc, mongodb inc, etsy inc, duckhorn portfolio inc, credit suisse group ag, stock markets, markets, business news, bj's wholesale club holdings inc, loandepot inc,
Source: https://www.cnbc.com/2023/03/09/stocks-making-the-biggest-moves-midday-ge-si-ptn-etsy.html