Stocks making the biggest moves premarket: Illumina, First Republic, Seagen and more
Publishing timestamp: 2023-03-13 08:14:12
Summary
Several banks and financial institutions saw significant losses in early market trading following the closure of Silicon Valley Bank and Signature Bank, with some experiencing declines of over 50%. Seagen, however, saw shares soar over 18% after news of its acquisition by Pfizer in a deal worth $43 billion. Illumina also saw an 8.2% rise in shares after reports of a potential proxy fight by activist investor Carl Icahn. Petco Health and Wellness was downgraded by Citi to neutral from buy due to continued weakness in discretionary spending.
Sentiment: NEGATIVE
Tickers: PNC, SGEN, ILMN, WOOF, C, WAL, FRC, PACW, JPM, PFE, BAC, SCHW, ROKU,
Keywords: market insider, breaking news: markets, first republic bank, pfizer inc, bank of america corp, jpmorgan chase & co, petco health and wellness company inc, seagen inc, stock markets, charles schwab corp, business news, breaking news, illumina inc, citigroup inc, pnc financial services group inc, pacwest bancorp, western alliance bancorp, roku inc, markets,
Source: https://www.cnbc.com/2023/03/13/stocks-making-the-biggest-moves-premarket-ilmn-frc-sgen-more.html